Ripple (XRP) Price Faces Consolidation After 181% Rally
Ripple (XRP) has surged 181.38% in the past 30 days, showing strong market momentum. After reaching $1.63, XRP is now consolidating with its relative strength index At neutral 53.2, indicating balanced market conditions.
If bullish momentum builds, XRP could retest $1.63 and climb to $1.70, its highest level since 2018. However, a downtrend could push the price as low as $1.27 or even $1.05.
XRP is currently in the neutral zone
Ripple The RSI is currently at 53.2, reflecting neutral momentum following the recent price surge. RSI, or relative strength indexwhich measures the speed and magnitude of price changes on a scale from 0 to 100.
Values above 70 indicate overbought conditions, often signaling a potential pullback, while values below 30 indicate oversold levels, suggesting the potential for a recovery. The XRP RSI was above 70 during the rise to $1.63 between November 21 and 23, highlighting the overbought status of that peak.
XRP’s RSI is 53.2, indicating that the bullish momentum is cooling down but has not yet signaled a reversal. This neutral level suggests that the coin is consolidating after its recent gains, leaving room for further gains if buying pressure returns.
However, if the RSI is trending lower, it could indicate weak market sentiment, which could lead to a pullback.
Ripple CMF turns negative
Ripple CMF is currently at -0.05, down from 0.10 a week ago when the price peaked at $1.63, reflecting lower capital inflows. CMF, or Chaikin Fund Flow, measures capital-weighted flows into or out of an asset, with positive values indicating buying pressure and negative values indicating selling dominance.
A move into negative territory indicates that selling pressure is starting to outweigh buying activity, although it is not yet evident.
XRP’s CMF is -0.05, showing slightly bearish sentiment but still above the -0.15 level seen on November 21. This suggests that while selling pressure is building, it is not as intense as during previous corrections.
If the CMF falls further, it could signal more selling and potential XRP price drops.
Ripple Price Prediction: Can It Return to 2018 Levels?
XRP EMA line Still bullish, the short-term line is above the long-term one, indicating a continued uptrend. However, a narrowing of the gap between the two lines indicates weakening bullish momentum, suggesting a possible trend reversal.
If a downward trend occurs, corrugated price A test of strong support at $1.27 is likely. Failure to hold this level could see the price drop further to $1.05, reflecting a more significant correction.
On the other hand, if buying pressure intensifies and a new uptrend forms, Ripple price A retest of recent highs at $1.63 is likely. A break above this level could push the price to $1.70, its highest level since 2018.
Disclaimer
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