$XRP XRP is going through tough times: even good news is not raising the altcoin's price.
In the last three days, the coin has decreased by 6.5%, despite the upcoming launch of the Ethereum Virtual Machine (EVM) on the XRPL mainnet and the integration of USDC.
The utility of XRP is increasing, but the price is falling.
Recently, Ripple has been surrounded by only positive events. The project management recently confirmed that it will launch the EVM sidechain on the XPRL mainnet in the second quarter of 2025. This will be an important step towards implementing Ethereum-compatible smart contracts in the XRP Ledger.
All attention of the cryptocurrency community is focused on what will happen on June 16. Perhaps this week Ripple will finally resolve the conflict with the U.S. Securities and Exchange Commission (SEC).
In May, the company already attempted to contest the regulator's key decision on the status of securities, but unsuccessfully.
If the court rejects the appeal again, Ripple will not be able to offer XRP to retail investors. The legal process is likely to drag on for another year.
This creates a paradox: the XRP ecosystem and the utility of the token are growing, but its price continues to decline.
Metrics signal a possible reversal.
The Relative Strength Index (RSI) of XRP rose to 43.56. Two days ago it was 28.24. This indicator measures the speed and magnitude of recent price changes on a scale from 0 to 100. Values below 30 indicate that the asset is oversold, while values above 70 indicate overbought.
XRP's exit from the oversold zone into a neutral area — 40-50 — indicates a return of buyer interest, although there is no clear bullish signal yet.
The Average Directional Index (ADX) for XRP, which shows trend strength, rose from 18.84 to 26.47, crossing an important threshold at 25. This usually signals a strengthening trend.
At the same time, +DI (positive directional index) rose from 10.56 to 15.57, while -DI (negative directional index) fell from 36.77 to 23.
This crossover indicates increasing bullish pressure and weakening bearish pressure. If the current trend continues, XRP may reverse upwards.