$XRP $XRP

Current XRP Price

Trend Direction: Bullish, but Retracing

1. Price Movement

Current Price: $2.3813, Slightly Down by -0.67%

The price is still above both the Exponential Moving Average (EMA) and the Triple Exponential Moving Average (TEMA), indicating that it is in a bullish trend technically.

However, the candles are shrinking, and momentum appears to be slowing, which may indicate consolidation or a short-term pullback.

2. Relative Strength Index (RSI) (21): 60.31

The RSI is in a bullish zone, above 50.

However, it has begun to slope downwards, indicating weakening momentum, and has not yet reversed.

3. CRSI Indicator: Near 30

The decline of the CRSI towards the oversold area indicates short-term weakness.

This often signals a potential rebound or short-term retracement.

4. Order Book

Sell-side dominance (57.87% of the order price) shows more selling pressure currently.

This could lead to a short-term decline, especially if the price drops below the support level of $2.32-$2.35.

Conclusion:

Overall Trend: Bullish, but short-term weakness is emerging.

If the price drops below $2.35, it is likely to decline towards $2.30-$2.25.

Monitor the increase in trading volume along with a rebound in the RSI to confirm the bulls regaining control.