Ripple (XRP) Price Faces Pressure as Key Indicators Turn Bearish

XRP RSI. Source: TradingView

RSI (Relative Strength Index) measures the speed of price changes, ranging from 0 to 100. An RSI above 70 suggests overbought conditions, while below 30 indicates oversold levels.

XRP’s RSI is at 45.30, which indicates a neutral but declining range, signaling growing selling pressure.

Ripple CMF Remains Positive, But Decreasing

XRP’s Chaikin Money Flow (CMF) has dropped to 0.03, down from above 0.15 a few days ago. This decline signals a decrease in buying pressure, suggesting that recent market enthusiasm may be fading.

The drop indicates a shift towards more balanced or even selling activity.

XRP CMF. Source: TradingView

CMF is an indicator that measures buying and selling pressure based on price and volume. Values above zero indicate buying pressure, while values below zero suggest selling pressure.

With XRP’s CMF falling to 0.03, it suggests that the uptrend, which led to an 8% gain recently, is losing strength. This weakening buying pressure could mean a correction for XRP is on the horizon.

Ripple Price Prediction: Is a 16,6% Correction Imminent?

XRP’s EMA lines are currently in a bearish setup, with the price sitting below all moving averages and long-term EMAs above the short-term ones.

This indicates ongoing downward momentum, as sellers are dominating and pushing prices lower.