In the last 30 days, the price of XRP has increased by 15.4%, but over the previous four days, it has decreased by 8.6%, indicating growing short-term pressure. Despite the monthly increase, XRP remains the third weakest asset among the top 20 cryptocurrencies, trailing only BNB and TRX during this period.
Momentum indicators like the Relative Strength Index (RSI) are trying to stabilize, but the formation of a red Ichimoku cloud and weakening moving average structure raise concerns. With key resistance levels ahead and a possible 'death cross' formation, XRP is at a critical juncture that will determine its future direction.
XRP's RSI is recovering to the neutral zone after a sharp decline
The Relative Strength Index (RSI) for XRP has risen to 47.52, sharply increasing from yesterday's value of 35.18 after a steep drop from 65.76 four days ago and a recent peak of 74.22 six days ago.
These rapid fluctuations reflect a change in momentum after a period of significant selling pressure. Although the RSI is still below the neutral threshold, an upward movement may indicate the first signs of renewed interest or a short-term corrective rally after recent losses.
Recently, U.S. Judge Analisa Torres denied the joint request from the U.S. Securities and Exchange Commission (SEC) and Ripple for a settlement, calling it procedurally improper—thus, the initial penalties and bans remain in effect.
The court case regarding XRP is ongoing, and the parties now need to either resubmit a correct request or resume the appeal process, which may impact the token's price in the coming weeks. RSI is a momentum oscillator that ranges from 0 to 100 and helps determine overbought or oversold conditions in the market. Values above 70 typically indicate overbought asset conditions, which can signal a correction, while values below 30 indicate oversold conditions and the possibility of a bounce.
With XRP's RSI at 47.52, the asset is in the neutral zone—neither overbought nor oversold. This may indicate price consolidation in the near term or a potential move toward retesting resistance levels if upward momentum builds.
Momentum is at risk: XRP faces the formation of a red cloud
The Ichimoku chart for XRP shows a change in market structure. After several sessions of weakness, the price tested the blue Tenkan-sen line. It is noteworthy that the cloud ahead has turned red for the first time in several days—this serves as an early warning of possible strengthening bearish pressure.
While the current candle attempts to close above the Tenkan-sen, the broader structure now faces additional resistance, especially as it approaches the lower edge of the cloud. The narrowing gap between the red Kijun-sen line and the price adds short-term tension, emphasizing that buyers must act immediately, or else momentum may be lost. The color change of the cloud indicates that upward movement may be limited, even if XRP enters the cloud.
If there is a deviation at this level, the path of least resistance may shift downward, opening the possibility for a new wave of correction.
XRP approaches key resistance
The moving average lines (EMAs) for XRP signal potential troubles ahead, as the short-term averages have sharply declined over the past four days.
The formation of a 'death cross'—when short-term EMAs cross below long-term EMAs—becomes increasingly likely if the current momentum does not change.
The price of XRP is currently hovering near a key resistance area around $2.40, where both short-term EMAs converge. A strong breakout above this area could invalidate the bearish scenario and open the way for potential movement towards $2.65. However, failure to reclaim this resistance may leave XRP vulnerable to renewed selling pressure. The $2.32 level, which recently served as support, will be critical—if it does not withstand retesting, the next target levels for decline are around $2.15 and $2.07.
With the EMA declining and resistance ahead, XRP needs significant buying pressure soon to avoid further decline.#BinanceSquare #Write2Earn #crypto #Binance #xrp
