XRP has seen couple of wild rallies in the past, the RSI Indicator has always been a giveaway during these times. When ever the RSI index has crossed 85+ XRP has corrected. At the time of this analysis the RSI indicator was hovering round 90. The holiday season which is coming up will probably add more fuel to its price and we could see some highs still.
The other reason why the alt coins are seeing a major price rally is because profits from Bitcoin is being pushed into the other cryptos.
That is also a major reason why we are seeing such huge rallies in ALT coins.
I feel XRP is highly bullish at this point and will see another spike because of FOMO gripping traders. But its also a territory where traders have to be cautious since BTC price has been stagnating around the 18k-19k levels and many people are wary of the 20k levels.
The other reason why the alt coins are seeing a major price rally is because profits from Bitcoin is being pushed into the other cryptos.
That is also a major reason why we are seeing such huge rallies in ALT coins.
I feel XRP is highly bullish at this point and will see another spike because of FOMO gripping traders. But its also a territory where traders have to be cautious since BTC price has been stagnating around the 18k-19k levels and many people are wary of the 20k levels.