XRP Price Nears Critical Support Amid Decline
XRP price has fallen by nearly 6% in the past 24 hours, cementing its position as the fourth-largest cryptocurrency by market capitalization following a historic surge in early December this year. Momentum indicators such as relative strength index and CMF have a mixed outlook, with an RSI of 45 indicating a neutral situation and a CMF of 0.01 indicating slightly positive capital flows.
XRP is trading within a key range between $2.28 and $2.53, and a break below the support could lead to a sharp retracement to $1.89. However, if buyers regain control, XRP may test the $2.53 and $2.90 resistance levels, aiming to re-establish the recent bullish momentum.
XRP RSI remains neutral
Ripple The RSI is currently at 45, down significantly from 60 a day ago. With the RSI moving away from overbought levels, this decline suggests that bullish momentum is fading and is approaching neutral territory.
A sharp decline indicates increased selling pressure, which could result in continued price consolidation or further declines in the near term if buying interest does not pick up.
RSI (Relative Strength Index) measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. An RSI value above 70 indicates overbought conditions, which often signals a potential pullback, while an RSI value below 30 indicates oversold conditions, which may signal a rebound ahead.
and Ripple With the RSI at 45, the market is in neutral territory, but the recent decline implies a bearish bias, leaving the price vulnerable to further corrections unless bullish momentum returns.
XRP CMF is close to 0
Ripple CMF is currently at 0.01, a significant increase from yesterday’s -0.12. This suggests that capital is turning more aggressively into the asset. While the CMF is currently slightly above neutral, it does not yet reflect strong bullish momentum.
This improvement indicates that selling pressure has eased, but buying pressure remains weak, suggesting that prices may be stabilizing rather than a clear upward trend.
CMF (Chai Financial Flow) measures the intensity of capital inflows and outflows over a specific period. Values above 0 indicate net positive inflows, indicating buying pressure, while values below 0 indicate net outflows and selling pressure.
and Ripple With CMF at 0.01, the market appears to be entering a consolidation phase, with neither buyers nor sellers dominating. Barring a decisive shift in capital flows, this could lead to range-bound prices in the coming days.
XRP Price Prediction: Death Cross Could Send Coin Below $2
Ripple It is currently trading between $2.28 and $2.53, with key support at $2.28. If this support fails, Ripple price Further declines are likely to test $2.17 and could drop to $1.89, signaling a stronger correction.
A shrinking distance between the EMA lines indicates a weakening trend, which could trigger an increase in bearish momentum if the short-term EMA falls below the long-term EMA and forms a death cross.
On the other hand, if Ripple price If it can regain positive momentum, it may first challenge the $2.53 resistance level. A break above this level could open the door to further gains, with a price target of $2.64, and possibly as high as $2.90 if the uptrend strengthens significantly.
Disclaimer
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