XRP Price Struggles to Maintain December’s Uptrend Momentum | Airdrop Alert Pro

XRP price has faced significant decline, falling more than 8% in the past seven days after reaching its highest level in six years on December 17. The recent decline has brought XRP closer to the key support level at $2.17, which is a key price point for XRP. can determine its short-term trajectory.

Despite the pullback, momentum indicators such as relative strength index and CMF are showing mixed signals, with some signs of recovery but not enough to confirm a strong bullish trend. With traders watching closely, XRP’s ability to hold support or resume its December uptrend will be critical to its next move.

XRP RSI is currently neutral

Relative Strength Index (RSI) Ripple It was below 20 three days ago and surged to 43.12. This significant increase represents a strong shift in momentum. When the RSI falls below 20, it usually indicates that an asset is severely oversold and may signal extreme pessimism or capitulation among market participants.

The rebound to 43.12 reflects a resurgence in buying interest, suggesting traders may step in at lower prices and view this as an opportunity.

RSI is a momentum oscillator that evaluates the speed and magnitude of recent price changes. It ranges from 0 to 100, with critical thresholds typically being 30 and 70. A reading below 30 indicates an oversold condition and the price may have fallen too fast, possibly leading to a reversal or rebound.

On the contrary, readings above 70 indicate overbought conditions and prices may have risen excessively and may face downward pressure. Ripple The RSI is at 43.12, which is in neutral territory, neither oversold nor overbought.

XRP CMF is positive, but not that strong

XRP’s Chaikin Funds Flow (CMF) is currently at mid-range at 0.04, reflecting slightly dominant buying pressure. This comes after hitting a high of 0.11 a day earlier, indicating stronger accumulation at that point and a significant recovery from -0.13 on December 20, when selling pressure was dominant.

The progression from negative to positive values ​​highlights a shift in market sentiment, with flows tilting towards buyers over the past few days. However, the drop from 0.11 to 0.04 suggests that while buying interest remains, it has subsided, possibly signaling that the market has entered a consolidation phase. Ripple In the short term.

CMF is an indicator that assesses the intensity of buying or selling pressure by analyzing price and volume over a specific period. It ranges between -1 and +1, with positive values ​​indicating net buying pressure and negative values ​​indicating net selling pressure. A CMF above 0 generally indicates more money flowing into the asset, indicating accumulation, while a CMF below 0 indicates distribution.

Ripple The current CMF is 0.04, just above zero, indicating slightly stronger buying activity than selling activity. While this indicates continued interest from buyers, a decline from 0.11 could signal a weakening of bullish momentum, which could result in price moving sideways or requiring stronger volume to sustain any upward trajectory.

XRP Price Prediction: Can XRP Price Fall Below $2?

Support at $2.17 is important for Ripple Prices are currently stable. Failure to hold this level could trigger a sharp downside move with the next strong support at $1.89. This could mean a 13% retracement, indicating that market sentiment could turn bearish and lead to further selling pressure.

Support levels such as $2.17 often act as psychological and technical barriers for buyers to defend against further declines.

On the other hand, if Ripple price The outlook could become more positive if the uptrend seen in early December, when it surged to its highest level in six years, can be resumed.

A resumption of bullish momentum could see Ripple It will first test resistance near $2.33. If the uptrend strengthens, additional targets at $2.53 and $2.66 may come into play.