Ripple (XRP) price has surged by 182.80% in the past 30 days and by 30.26% in the past week. While its EMA lines remain bullish and the short-term line is above the long-term line, indicators like RSI and CMF suggest that the upward trend may be losing momentum.
The weakening momentum may lead XRP to test the support level of $1.05, and if selling pressure increases, there is a risk of falling below $1. However, if buyers regain control, XRP may target the resistance level of $1.63 and could reach $1.7, which would be the highest price since 2018.
XRP RSI is in the neutral zone
Ripple RSI is currently at 58, down from over 70 a few days ago. The RSI (Relative Strength Index) measures price momentum on a scale of 0 to 100, with a value above 70 indicating overbought conditions and potential for a pullback, while a value below 30 indicates oversold conditions and a possible price rebound.
The drop from 70 to 58 reflects a cooling of bullish momentum, indicating that the recent uptrend may be slowing, but it has not yet entered bearish territory.
An RSI of 58 indicates that XRP is still in a healthy range, leaning towards bullish sentiment, but compared to previous levels, buying pressure has eased. After a 30.26% price surge over the past 7 days, the drop in RSI suggests a potential period of consolidation ahead.
If the RSI continues to decline, it may suggest increased selling pressure, which could lead to a price adjustment. However, if the RSI stabilizes or rises, the XRP price may regain momentum and attempt further increases.
Ripple CMF has significantly decreased
XRP's CMF is currently at 0.02, down from 0.11 two days ago, indicating a significant reduction in buying pressure. The CMF (Chaikin Money Flow) measures the capital flow in and out of an asset over a period, with values above 0 indicating net inflow (buying pressure) and values below 0 reflecting net outflow (selling pressure).
Since November 22, Ripple CMF has remained positive, indicating that despite recent declines, buyers have consistently maintained dominance.
With a CMF of 0.02, Ripple still reflects a slight net inflow of capital, indicating that bullish sentiment has not completely faded but is weakening. If the CMF turns negative, it suggests a shift to net outflow of funds, potentially signaling increased selling pressure and a price adjustment.
Currently, the positive CMF supports a cautiously optimistic outlook, but further declines may indicate that XRP price momentum is beginning to turn bearish.
Ripple price prediction: Is $1.7 coming soon?
XRP's EMA lines maintain a bullish pattern, with the short-term line above the long-term line, indicating that the overall trend remains upward. However, other indicators such as CMF and RSI suggest that the upward trend may be losing momentum.
If the bullish trend further weakens and a bearish trend emerges, the XRP price may test the key support level near $1.05, and if selling pressure intensifies, it may fall below $1.
On the other hand, if the upward trend regains strength, the XRP price may break through the resistance level of $1.63, targeting $1.7, which would be the highest price since 2018.
