XRP price has dropped 22% in the past week, with technical indicators showing both bearish pressure and signs of potential stabilization. The RSI remains neutral after a sharp rebound from oversold levels earlier this month, while the number of whales has stabilized after a brief surge.

Meanwhile, XRP’s Exponential Moving Averages (EMAs) have formed a bearish death cross, suggesting that downside risks remain unless a reversal takes shape. Adding to the broader market narrative, XRP ETFs are now eyeing SEC approval following Cboe’s 19b-4 filing, which could play a key role in shaping future price action.

XRP RSI Is Still Neutral, Following The Same Pattern Since February 3

XRP Relative Strength Index (RSI) has surged from 35.2 to 44.6 in just a few hours, reflecting a shift in momentum after recent weakness. This increase suggests growing buying interest, though XRP remains within a neutral range.

RSI is a widely used momentum indicator that oscillates between 0 and 100. It helps traders gauge whether an asset is overbought or oversold.

Typically, an RSI above 70 indicates overbought conditions, where prices may be due for a correction, while an RSI below 30 signals oversold territory, often a potential buying opportunity. Values between 30 and 70 are considered neutral, meaning the market is neither in a strong bullish nor bearish phase.

Since February 3, XRP RSI has remained in neutral territory after hitting extreme lows of around 13 on February 2. This rebound suggests that the intense selling pressure that drove XRP to oversold levels has subsided, allowing price stabilization.

With the RSI now at 44.6, momentum is gradually shifting toward the upper end of the neutral range.

While this is not yet a

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Author: Tiago Amaral