Ripple (XRP) price has surged over 230% in the past 30 days, reaching its highest levels since 2018. The strong uptrend, supported by bullish indicators like RSI and CMF, suggests the potential for further gains.

If momentum continues, XRP could rise to $1.90 and even test $2, marking a 16% increase from current levels. However, if the trend weakens, XRP risks a correction to support levels at $1.21 or $1.05, representing a potential 39% decline.

XRP RSI Is Overbought, but the Uptrend Could Continue

Ripple RSI currently stands at 74.8, reflecting strong bullish momentum following its recent surge. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale of 0 to 100. Values above 70 indicate overbought conditions and the potential for a correction, while values below 30 suggest oversold conditions and potential recovery.

Being above 70 places XRP in the overbought zone, signaling heightened buying activity and possible caution for traders.

However, historical trends show that XRP’s RSI has previously climbed beyond 70, often reaching levels as high as 80 or even 90 before corrections occur.

This indicates that despite being in the overbought territory, Ripple price could still push higher in the short term. If the current momentum continues, XRP may extend its rally further before any significant pullback occurs, making it crucial to monitor the RSI’s trajectory closely.

Ripple CMF Is Now Positive, but Not That High Yet

XRP CMF is currently at 0.08, reflecting a notable shift from nearly -0.10 just a day ago. The CMF, or Chaikin Money Flow, measures the flow of capital into or out of an asset based on

Go to Source to See Full Article
Author: Tiago Amaral