Ripple (XRP) has experienced a strong surge of 181.38% in the last 30 days, showing robust market momentum. Currently consolidating at $1.63, XRP's Relative Strength Index (RSI) reads a neutral 53.2, suggesting a balance in market conditions with room for further gains.
If buying momentum continues, XRP's price could challenge previous highs of $1.63 and potentially peak at $1.70, its highest level since 2018. Conversely, if a downtrend emerges, we could see the price fall to $1.27 or even $1.05.
The RSI provides insight by indicating when assets are overbought or oversold. XRP's RSI surged past 70 during its rally to $1.63, flagging an overbought condition, subsequently returning to a neutral zone as of now.
The Chaikin Money Flow (CMF) for Ripple reflects dropping capital inflows, now at -0.05. This transition indicates selling pressure is beginning to override buying, although it's not substantial yet.
Despite the slight bearish sentiment from declining CMF, it's above levels seen earlier in November, indicating moderate selling intensity. Any further dip in CMF could hint at more pronounced XRP price declines.
Meanwhile, Ripple's EMA lines signal a bullish standing, with short-term lines above long-term ones, but the gap narrowing suggests weakened bullish momentum. A continuing sell-off might drive XRP to $1.27 or lower to $1.05.
If buying pressure returns, XRP could again approach $1.63. Breaching this could propel it to $1.70, a significant milestone since 2018.
