š $XRP Daily RSI is 23.5, entering oversold territory.
RSI itself doesnāt determine price, but plenty of people watch it, and its reading can influence some peopleās trading decisions.
The 14 in RSI means 14 candles: on a 4-hour chart, thatās just over two days (56 hours); on a daily chart, itās two weeks.
When trading with leverage, first work out whether you can handle the worst-case scenario, then see what the indicators say.
RSI itself doesnāt determine price, but plenty of people watch it, and its reading can influence some peopleās trading decisions.
The 14 in RSI means 14 candles: on a 4-hour chart, thatās just over two days (56 hours); on a daily chart, itās two weeks.
When trading with leverage, first work out whether you can handle the worst-case scenario, then see what the indicators say.