Ripple (XRP) Price Momentum Slows as Resistance at $1.6 Looms
Ripple (XRP) Price It has surged 182.80% in the past 30 days and 30.26% in the past week. Although its EMA line is still bullish and the short-term line is higher than the long-term line, such as relative strength index The CMF indicates that the uptrend may be losing steam.
The weakening momentum could lead XRP to test support at $1.05, risking a fall below $1 if selling pressure intensifies. However, if buyers regain control, XRP could target resistance at $1.63 and could reach $1.7, its highest price since 2018.
XRP RSI is in neutral territory
ripple The RSI is currently at 58, down from over 70 a few days ago. The RSI (relative strength index) measures the momentum of price movements on a scale of 0 to 100, with values above 70 indicating overbought conditions and the potential for a pullback, while values below 30 indicate oversold conditions and a possible price recovery.
The drop from 70 to 58 reflects a cooling of bullish momentum, suggesting that the recent rally may be slowing but has not yet entered bearish territory.
An RSI of 58 indicates XRP remains within healthy rangesleaning towards bullish sentiment, but with less buying pressure compared to previous levels. After the price surged 30.26% in the past seven days, the falling RSI suggests that a period of consolidation may be ahead.
If the RSI continues to fall, it could signal increased selling pressure, which could lead to a price correction. However, if the RSI is stable or rising, Ripple price It may regain momentum and attempt further gains.
Ripple CMF drops sharply
XRP’s CMF currently stands at 0.02, down from 0.11 two days ago, indicating a significant reduction in buying pressure. CMF (Chaikin Fund Flow) measures capital flows into or out of assets over a period of time. Values above 0 reflect net inflows (buying pressure), and values below 0 reflect net outflows (selling pressure).
From November 22nd, ripple The CMF remains positive, indicating that buyers remain in the driver’s seat despite recent declines.
When CMF is 0.02, ripple Still reflecting slight net inflows, the bullish sentiment has not completely subsided but is weakening. If the CMF turns negative, it would signal a shift toward net outflows, possibly signaling increased selling pressure and a possible price correction.
For now, a positive CMF supports a cautiously optimistic outlook, but further declines could signal the start of a bearish trend Ripple price momentum.
Ripple Price Prediction: Is $1.7 Coming?
XRP’s EMA lines maintain a bullish pattern, with the short-term line above the long-term one, indicating that the overall trend remains upward. However, other indicators such as CMF and RSI suggest that the uptrend may be losing steam.
If the bullish trend weakens further and a downtrend occurs, Ripple price A test of key support near $1.05 is likely, with a fall below $1 possible if selling pressure intensifies.
On the other hand, if the uptrend resumes strong, XRP price could break above the $1.63 resistance with a target of $1.7, which would be the highest price since 2018.
Disclaimer
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