The price of 13740092485 has increased by 450% over the last 30 days, reaching six-year highs.
The Relative Strength Index (RSI) remains in overbought territory above the threshold value of 70 since the end of November. It peaked around 90 before recently dropping to 71.5. This prolonged period in the overbought zone coincides with a significant rise in Ripple's price. Strong bullish momentum has dominated the market for several weeks.
Although the RSI remains in overbought territory at 71.5, its gradual decline from recent highs around 90 may signal that buying pressure is beginning to weaken. However, this does not necessarily predict an immediate reversal of the upward trend. Assets can remain in overbought territory during strong rallies.
The decline in RSI may herald not the end of the current upward trend, but a possible phase of consolidation or more sustainable growth rates for XRP.