XRP Price Prediction Bounces at $1 as Monthly RSI Hits Multi-Year Lows
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XRP traded at $1.0022 on August 17, up 0.97%, reclaiming the $1 level after last week’s breach while all four EMAs and a descending trendline remain overhead as resistance. The monthly RSI dropped to multi-year lows, a historically reliable bottom signal, even as XRP Ledger active addresses hit 49,929 in 24 hours (highest in over two months) and crowd sentiment hit a three-month bearish extreme, indicating rising on-chain adoption but mixed technicals for price action.
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- XRP trades at $1.0022 on August 17, up 0.97%, recovering above $1 after last week’s breach with all four EMAs still overhead
- The monthly RSI has fallen to its lowest level in years, a condition that has never came in years.
- XRP Ledger hit 49,929 active addresses in a single 24-hour span, its highest in over two months, even as crowd sentiment hit a 3-month bearish extreme
The XRP price prediction is leaning on one of the more reliable bottom signals in the token’s history right now, with the monthly RSI dropping to its lowest reading in years just as XRP claws back above $1 after last week’s brief breach.
XRP Price Analysis: $1 Is the Line and the Descending Trendline Is Just Above
XRP is back above $1 after last week’s dips below the round number, with today’s session opening at $0.9925, pushing to $1.0061, and holding…
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