Ripple (XRP) has experienced a remarkable price increase of over 230% in the last 30 days, reaching its highest levels since 2018. This upward trend is supported by bullish indicators such as the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF), which suggest the potential for further gains.
If the current momentum persists, XRP could rise to $1.90 and possibly test the $2 mark, marking a 16% increase from its current levels. However, if the trend weakens, there is a risk of correction, with critical support levels at $1.21 and $1.05, indicating a potential 39% decline.
The RSI for XRP currently stands at 74.8, signaling strong bullish momentum, despite being in the overbought territory. Historical trends show that XRP’s RSI could rise further beyond 70, up to 80 or even 90, before any correction occurs.
Meanwhile, XRP's CMF has shifted to 0.08, reflecting a positive capital inflow. This shift supports the recent price momentum, although it remains below the higher levels seen earlier in November.
Ripple’s price stands at its highest since 2018, and if EMA lines maintain their current trajectory, XRP could reach $2. Maintaining bullish momentum is crucial to prevent any significant pullback, aligning with XRP's historical performance trends.
