Over the past 24 hours, the price of $XRP has decreased by more than 3%, and technical indicators show signs of slowing momentum.
Exponential moving averages (EMA) are set to form a 'death cross.' If this occurs, selling pressure will increase. However, high whale activity indicates that XRP has a chance to overcome key resistance levels and develop upward momentum.
The Relative Strength Index (RSI), measuring the strength of price movements on a scale from 0 to 100, is currently at 39.5. It has remained in the neutral zone since January 28.
Values above 70 indicate overbought conditions and a possible pullback, while levels below 30 signal oversold conditions and a likely bounce. A neutral RSI between 40 and 60 indicates consolidation, where neither buyers nor sellers have an advantage.
The RSI approaching the oversold zone suggests weakening momentum. To move towards $4, the indicator needs to rise above 50, which could happen against the backdrop of positive news regarding the ETF launch or settlement of the SEC lawsuit.
The number of addresses containing between 1 and 10 million XRP has remained stable since January 21, fluctuating between 2,095 and 2,082 (current value - 2,083).
