RSI $XRP remains neutral
The RSI index is currently at 45, which is significantly lower than the value of 60 recorded just a day ago. This indicates a weakening of bullish momentum and a shift of the indicator from overbought levels to the neutral zone.
The sharp decline suggests an increase in selling pressure. This could lead to further consolidation or a decline in the short term if interest in buying Ripple does not increase.
RSI values above 70 indicate overbought conditions, often signaling a possible pullback, while values below 30 suggest oversold conditions, which may precede a rebound. The index is currently at 45, indicating a market in the neutral zone. However, the recent decline suggests a bearish tilt. The price may fall if bullish momentum does not return.#2024withBinance $FIL $FTM