XRP has decreased by 2.6% over the last 24 hours, reflecting increasing technical weakness across several indicators. Its price is below $2.40. Its relative strength index (RSI) has sharply dropped into the neutral zone, signaling a waning momentum after nearly reaching overbought levels just a day prior.
The Ichimoku Cloud setup has turned bearish as the price is now trading below key support lines and under the red cloud, indicating increasing downward pressure. Adding to the concern, XRP's exponential moving averages (EMA) are on the verge of forming a 'death cross', a bearish signal that could lead to deeper declines unless a strong recovery occurs.
XRP is losing strength after a sharp drop in RSI from nearly overbought levels.
The relative strength index (RSI) for XRP has dropped to 46.72, falling from 64.86 just a day prior, indicating a rapid loss of bullish momentum.
RSI is a widely used momentum oscillator that ranges from 0 to 100. It helps traders identify overbought and oversold conditions.
Values above 70 typically indicate that an asset may be overbought and require a correction, while values below 30 indicate oversold conditions that may lead to a rebound. Levels between 30 and 70 are considered neutral and reflect a lack of strong directional trend. Currently, with XRP at 46.72, the token has returned to the neutral zone, signaling uncertainty and a potential pause in its prior upward movement.
The sharp decline indicates a weakening of buyer interest, which could lead to further price consolidation or a slight decline if market sentiment does not improve.
For XRP to regain bullish momentum, it will likely require a rebound of the RSI to the 60–70 range, supported by a broader recovery in crypto markets. Until then, the price action may remain range-bound or slightly bearish.
The Ichimoku indicator shows a bearish sentiment for XRP as the price drops below key lines.
The Ichimoku Cloud chart for XRP shows a bearish shift in momentum. The price has broken below both the Tenkan-sen (blue line) and Kijun-sen (red line), signaling a short-term trend reversal.
The price action is currently positioned below the Kumo (cloud), which has shifted from green to red — indicating a weakening of market sentiment and increasing downward pressure.
The red cloud ahead suggests that the bearish momentum may continue unless a strong recovery occurs that pushes the price back above the cloud. Additionally, Senkou Span A (the leading green line) has a downward trend, while Senkou Span B (the leading red line) remains flat, indicating a loss of bullish momentum and potential for movement within a range or decline.
Although this is not clearly shown, the Chikou Span (the lagging green line) appears to be below the price action, further confirming the bearish outlook.
Overall, the Ichimoku setup indicates increasing resistance and declining support, suggesting that XRP is in a vulnerable technical position if buyers do not return with strength.
XRP faces bearish risks amid the threat of an EMA death cross.
XRP recently approached the $2.50 zone but faced a sharp rejection as Bitcoin's sudden drop triggered a broader market retreat.
Selling pressure has significantly impacted XRP's structure, and its exponential moving averages (EMA) are currently converging in a way that suggests a potential 'death cross'. This bearish crossover typically signals an extended risk of decline.
If confirmed, this pattern could pave the way for a deeper correction, with key support levels at $2.32 and $2.28 in focus. A break below these zones could accelerate losses to $2.12 and $2.07 if bearish momentum intensifies. However, the outlook could change quickly if XRP manages to stabilize and regain bullish momentum.
A return to the resistance level of $2.449 will be the first key test for bulls, while a recovery to $2.479 could pave the way for a retest of the $2.65 level.
Such a move will likely require a broader recovery of sentiment in the crypto industry, particularly from Bitcoin, as well as a clear deviation from the threatening 'death cross'. Until then, the technical bias remains directed downward.
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