Ripple (XRP) is up 182.8% on the month and 30.3% on the week. Despite positive EMAs, RSI and CMF point to a possible loss of momentum on the rise.
A weakening momentum could see XRP test support at $1.05, with a risk of falling below $1 if selling pressure increases. However, if buyers regain control, the asset could target resistance at $1.63 and potentially reach $1.70, its highest price since 2018.
XRP’s RSI is in the neutral zone
XRP’s RSI currently stands at 58, down from over 70 a few days ago. The RSI, or Relative Strength Index, measures the momentum of price movements on a scale of 0 to 100, with values above 70 indicating overbought conditions and the potential for a correction, while values below 30 suggest oversold conditions and a possible price recovery.
The drop from 70 to 58 reflects a cooling off in the bullish momentum, signaling that the recent rally may be slowing without yet entering bearish territory.
XRP RSI. Source: TradingView
An RSI at 58 suggests that XRP remains in a healthy range, leaning toward bullish sentiment but with reduced buying pressure compared to previous levels. After a 30.26% price increase in the past seven days, the index’s decline suggests that a period of consolidation may be ahead.
If the RSI continues to fall, it could indicate increased selling pressure, potentially leading to a price correction. However, if the RSI stabilizes or rises, XRP price may regain momentum and attempt higher.
Ripple’s CMF is in sharp decline
XRP’s CMF is currently at 0.02, down from 0.11 just two days ago, indicating a significant reduction in buying pressure. The CMF, or Chaikin Money Flow, measures the flow of capital into or out of an asset over a period of time, with values above 0 indicating net inflows (buying pressure) and values below 0 reflecting net outflows (selling pressure).
Since November 22, Ripple's CMF has remained positive, signaling that buyers have consistently maintained dominance despite the recent dip.
XRP CMF. Fonte: TradingView
With this ratio at 0.02, XRP still reflects a slight net inflow, suggesting that the bullish sentiment has not completely disappeared but is weakening. If the CMF turns negative, it would indicate a shift to net outflows, potentially signaling increased selling pressure and a possible price correction.
For now, the positive CMF supports a cautiously optimistic outlook, but further declines could signal the start of a downtrend for XRP price momentum.
XRP Price Prediction: Is $1.70 Close?
XRP’s EMAs show an upward trend, but CMF and RSI point to a possible loss of strength.
XRP Price Analysis. Source: TradingView
If the rally weakens, XRP could test $1.05 or fall below $1 amid selling pressure. If it regains strength, it could break $1.63 and reach $1.7, its highest level since 2018.
The article Ripple (XRP) Forecast: 30% Rise Loses Steam was first seen on BeInCrypto Brazil.
