The price of Ripple (XRP) has surged 182.80% in the past 30 days and 30.26% in the past week. While its EMA line remains bullish, with the short-term line above the long-term line, indicators like RSI and CMF suggest that the upward trend may be losing momentum.

Weakening momentum may lead XRP to test the support level at $1.05, with a risk of falling below $1 if selling pressure increases. However, if buyers regain control, XRP may aim for the resistance level at $1.63 and potentially reach $1.7, the highest price since 2018.

XRP RSI is in the neutral zone

Ripple RSI is currently at 51, having exceeded 70 a few days ago. RSI, or Relative Strength Index, measures the momentum of price changes, ranging from 0 to 100. Values above 70 indicate overbought conditions and the possibility of a pullback, while values below 30 indicate oversold conditions and a potential price rebound.

The drop from 70 to 51 reflects that bullish momentum is cooling down, suggesting that the recent upward trend may be slowing, but has not yet entered bearish territory.

RSI at 51 indicates that XRP is still in a healthy range, leaning towards bullish sentiment, but buying pressure has weakened compared to earlier levels. Following a 26.87% price increase over the past seven days, the decline in RSI suggests a potential consolidation period ahead.

If RSI continues to decline, it may suggest increased selling pressure, potentially leading to a price pullback. However, if RSI stabilizes or rises, XRP's price may regain momentum and attempt further upward movement.

Ripple CMF has dropped significantly

XRP's CMF is currently 0.02, down from 0.11 two days ago, indicating a significant reduction in buying pressure. CMF, or Chaikin Money Flow, measures the inflow or outflow of capital into an asset over a period of time, with values above 0 indicating net inflow (buying pressure) and values below 0 indicating net outflow (selling pressure).

Since November 22, Ripple CMF has remained positive, indicating that despite recent declines, buyers continue to maintain dominance.

CMF is 0.02, Ripple still reflects a small net capital inflow, indicating that bullish sentiment has not completely dissipated but is weakening. If CMF turns negative, it indicates a shift to net outflows, which may signal increased selling pressure and a potential price pullback.

Currently, the positive CMF supports a cautiously optimistic outlook, but further declines may signal that XRP's price momentum is starting to show bearish trends.

Ripple price prediction: Is it about to reach $1.7?

XRP's EMA line maintains a bullish pattern, with the short-term line above the long-term line, indicating that the overall trend remains upward. However, other indicators like CMF and RSI suggest that the upward trend may be losing momentum.

If bullish momentum further weakens and a downward trend emerges, XRP's price may test the key support level around $1.05, with a possibility of falling below $1 if selling pressure intensifies.

On the other hand, if the upward trend resumes strongly, XRP's price may break through the resistance level at $1.63 and target $1.7, which would be the highest price since 2018.

In short

XRP RSI cools down to neutral: XRP's RSI has dropped from 70 to 58, indicating that bullish momentum is weakening and a consolidation period may occur in the future.

Buying pressure is weakening: XRP's CMF has dropped to 0.02, reflecting a decrease in capital inflow, but still maintains a cautiously optimistic outlook.

Key levels to watch: resistance at $1.63 and $1.7, support at $1.05. A bearish trend may push prices below $1.