Ripple (XRP) price is facing bearish conditions as it struggles to hold above key support levels. The price action suggests that sellers are in control, and downward momentum may continue in the short term.

However, if the trend reverses, XRP could see a push towards higher resistance levels.

XRP RSI Is Not Oversold Yet

XRP’s RSI has dropped to 45.30 from over 60 just days ago. This decline suggests a decrease in buying momentum, indicating that the recent push upward has lost steam.

The current level points to weakening interest, reflecting a possible continuation of the recent downtrend.

Read more: XRP ETF Explained: What It Is and How It Works

RSI (Relative Strength Index) measures the speed of price changes, ranging from 0 to 100. An RSI above 70 suggests overbought conditions, while below 30 indicates oversold levels.

XRP’s RSI is at 45.30, which indicates a neutral but declining range, signaling growing selling pressure.

Ripple CMF Remains Positive, But Decreasing

XRP’s Chaikin Money Flow (CMF) has dropped to 0.03, down from above 0.15 a few days ago. This decline signals a decrease in buying pressure, suggesting that recent market enthusiasm may be fading.

The drop indicates a shift towards more balanced or even selling activity.

CMF is an indicator that measures buying a

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Author: Tiago Amaral