XRP Price Analysis: Consolidation After Multi-Year High | Airdrop Alert Pro

The price of Ripple (XRP) has seen significant volatility recently, with a significant spike in November pushing it to its highest level since 2018. XRP is currently the fourth largest cryptocurrency by market capitalization, just 3% away from overtaking Tether to take third place.

Following last month’s strong performance, XRP has entered a minor consolidation phase, falling 2% over the past week. Technical indicators currently suggest a balance between bullish and bearish momentum.

XRP RSI is currently neutral

corrugated price It recently reached its highest price levels since 2018 but has fallen 2% over the past week. During the December surge, the Relative Strength Index (relative strength index) has remained above 70 for several consecutive days, indicating strong bullish momentum driving overbought conditions.

Now, Ripple The RSI is 46.3, indicating neutral momentum. RSI is a key technical indicator that measures the speed and magnitude of price changes on a scale from 0 to 100.

Readings above 70 indicate overbought conditions, while readings below 30 indicate oversold conditions. With XRP’s RSI near the midpoint, the asset is neither strongly bullish nor strongly bearish, so the price could move in either direction depending on what happens in the coming days.

Ripple CMF remains negative but recovering

Ripple Chaikin Money Flow (CMF) is currently at -0.01, recovering from -0.13 two days ago. This improvement suggests that selling pressure has eased, with inflows into XRP becoming more balanced after a period of outflows.

While still slightly negative, the shift suggests market sentiment is stabilizing.

CMF is a technical indicator that measures buying and selling pressure by combining price and volume data. Values ​​above 0 indicate strong buying pressure, while negative values ​​indicate selling is dominant. From November 28th to December 5th, ripple The CMF remains highly positive, peaking at 0.37 on December 1, reflecting significant bullish activity at that time.

With the CMF currently close to the neutral zone of -0.01, XRP price may have limited short-term movement unless new buying or selling momentum emerges as a decisive trend.

XRP Price Prediction: Can the $2.17 Support Hold?

Ripple The EMA line indicates price consolidation, with the short-term average still above the long-term average, but the gap is narrowing. This indicates that bullish momentum is weakening, which could lead to a downtrend if selling pressure increases.

In such a scenario, Ripple price A test of the $2.17 support is likely, and if the initial support fails, further declines could take it to $1.89.

On the other hand, a resurgence in the uptrend may see corrugated price Challenging the resistance at $2.64. A move above this level would open the door for gold towards $2.90, thus reinforcing bullish sentiment.

The narrowing of the EMA line highlights a critical moment for XRP, with the next move depending on whether buyers or sellers have the upper hand.