XRP price has faced a notable downturn, dropping more than 8% over the past seven days after reaching its highest levels in six years on December 17. The recent decline has brought XRP closer to a critical support level at $2.17, a key price point that could determine its short-term trajectory.
Despite this pullback, momentum indicators like RSI and CMF suggest mixed signals, with some signs of recovery but not enough to confirm a strong bullish trend. As traders watch closely, XRP’s ability to hold its support or reclaim its December uptrend will be pivotal in shaping its next moves.
XRP RSI Is Currently Neutral
The Relative Strength Index (RSI) for XRP has surged to 43.12, climbing sharply from below 20 just three days ago. This significant increase suggests a strong shift in momentum. When the RSI is below 20, it often indicates that an asset is deeply oversold, potentially signaling extreme bearish sentiment or capitulation among market participants.
The rebound to 43.12 reflects a recovery in buying interest, suggesting that traders may be stepping in at lower prices, perceiving them as an opportunity.
RSI is a momentum oscillator used to evaluate the speed and magnitude of recent price changes. It ranges from 0 to 100, with key thresholds typically at 30 and 70. Readings below 30 indicate an oversold condition, where prices may have fallen too quickly and could be due for a reversal or bounce.
Conversely, readings above 70 suggest an overbought condition, where prices may have risen excessively and could face downward pressure. XRP RSI at 43.12 places it within a neutral range, neither oversold nor overbought.
XRP CMF Is Positive, But Not That Strong
The Chaikin Money Flow (CMF) for XRP is currently at 0.04, a moderate level reflecting a slight dominance of buying pressure. Thi
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Author: Tiago Amaral
