XRP is currently priced at $2.39, down over 4.6% over the past week. On the monthly and quarterly scale, the declines deepen to 15.1% and 23%, respectively. Despite the correction, XRP remains one of the top-performing large-cap assets over the past year, with a 349% annual increase. The market capitalization stands at $143.5 billion, placing it fifth among all cryptocurrencies – behind Bitcoin, Ethereum, Tether and BNB.
Read also: How to recognize a crypto presale scam? Full guide
Momentum Indicators
RSI: Neutral
The Relative Strength Index (RSI) measures whether an asset is overbought or oversold. RSI(14) is at 39, suggesting weakened momentum. One week ago, RSI(14) was 34, and yesterday it was 40. The short-term RSI(7) is currently at 40, slightly below yesterday’s reading of 42. These values reflect a moderate decrease in recent price strength.
MFI: Weakening
The Money Flow Index (MFI), which includes both price and volume data, is at 41. It was 40 yesterday and 51 a week ago, suggesting reduced buying pressure over the last several days.
Fear & Greed Index: Fear
The index shows consistently low sentiment across the past week. Today’s value is 25, with a low of 22 five days ago and a high of 34 both one and seven days ago. The index reflects continued caution in the broader crypto market.
Moving Averages
SMA & EMA: Bearish
XRP is trading below its short- and medium-term moving averages. The 9-day simple moving average (SMA) is 2.40, and the 9-day exponential moving average (EMA) is 2.44 – both near or slightly above the current price. The longer-term SMA(26) and EMA(26) are at 2.67 and 2.60, respectively. This configuration suggests that XRP is currently below trend levels for both short- and medium-term periods.
Bollinger Bands: Volatile
The Bollinger Bands show an upper band at 3.11 and a lower band at 2.09. With XRP trading near the lower band, the asset is positioned closer to oversold conditions. This may indicate higher volatility, though no reversal has been confirmed.
Trend & Volatility Indicators
ADX: Strong Trend
The Average Directional Index (ADX) is at 43, which indicates a strong trend strength. ADX readings have remained stable over the past week, showing no major shifts in the overall trend strength.
ATR: Declining Volatility
The Average True Range (ATR), a volatility indicator, is at 0.18. This is slightly lower than yesterday’s 0.19 and the previous week’s 0.22. The gradual decline suggests tighter price movement over recent sessions.
AO: Bearish
The Awesome Oscillator (AO), which measures momentum, is at -0.31. It has been in negative territory for at least a week, with values of -0.35 yesterday and -0.37 one week ago. This indicates a sustained bearish trend.
Summary
Technical indicators show a moderate to strong downtrend in the short to medium term, with declining volume and reduced momentum. Momentum indicators like RSI and MFI remain slightly below neutral levels. Trend indicators such as ADX and AO suggest continued bearish pressure, while volatility has decreased slightly. XRP is currently trading below its short- and mid-term moving averages and near the lower Bollinger Band.
As always, technical analysis is based on historical price and volume data and does not account for fundamental or external factors. While it can indicate potential trend direction, it does not predict future events or guarantee outcomes.
