Ripple (XRP) price has dropped by 11.09% over the last 30 days, and current indicators suggest further caution. The Relative Strength Index (RSI) is at 38.93, indicating a downtrend but not yet signaling oversold conditions.

This means that XRP’s correction may still have room to continue before finding strong support. Additionally, while the Chaikin Money Flow (CMF) is positive at 0.11, this hasn’t translated into price growth, indicating that confidence in XRP is still weak.

XRP RSI Is Still Far From Oversold

XRP’s RSI is currently at 38.93, indicating that the asset is in a downtrend but not yet oversold. This level suggests that selling pressure is still present, though it hasn’t reached extreme levels.

The Relative Strength Index (RSI) is a momentum indicator used to measure the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting an asset is oversold.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

With the RSI hovering above the oversold threshold, it signals that there could still be room for further downward movement for XRP price before buyers step in.

Ripple CMF Is Positive, But This May Not Be Enough

XRP’s Chaikin Money Flow (CMF) is currently at 0.11, indicating some positive buying pressure. However, a positive CMF reading doesn’t always mean the market is bullish. Despite being in the positive zone, this value alone doesn’t provide enough confidence for a clear upward trend.

The Chaikin Mone

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Author: Tiago Amaral