Rally $XRP stopped after a 7% rise

The announcement of a ceasefire between Israel and Iran on Monday sparked optimism in the market, leading to a 7% increase in the value of XRP that day. However, over the past two days, this momentum has weakened, and now the altcoin is moving sideways. Neither buyers nor sellers are gaining a decisive advantage in the short term.

Key technical indicators confirm this standoff. For instance, the Relative Strength Index (RSI) of XRP has stabilized since Tuesday, indicating a balance between buying and selling pressure. At the time of writing, the RSI is 49.97, oscillating around the neutral mark of 50 since Tuesday.

Additionally, the Average True Range (ATR) of XRP has been steadily decreasing over the period in question. At the time of writing, it is 0.101. ATR shows how much the price changes over a certain period. When it falls, it usually means that price fluctuations are decreasing and overall momentum is weakening.$WCT $SAHARA