$XRP has posted one of its strongest weekly moves in months, gaining nearly 30% and trading close to $1 .29 after a 10.4% single-day jump. The rally has pushed XRP back toward key long-term levels and renewed attention on whether the token can establish a sustained recovery...
Momentum indicators are showing strong buying pressure. XRP's daily RSI climbed to 79.2, entering overbought territory, while the ADX remained above 29, signaling a strong trend.. These readings confirm the strength of the rally but also suggest that a short-term pullback or consolidation could occur after such a rapid move.
ETF flows have been more mixed. XRP recorded $2.35 million in daily inflows during its strongest session, down from $5.81 million previously, while futures open interest fell more than 11% from its rally peak. That decline suggests some leveraged positions have been reduced as the price advanced.
XRP started the week below $1 after finding support near $0.9862. The latest rally has brought the token closer to its 200-day moving average, although it remains below that key long-term indicator...
The combination of strong price momentum, elevated RSI and declining futures positioning creates an important test for XRP. Holding the recent gains and reclaiming major resistance levels could strengthen the recovery, while failure to maintain momentum may lead to another period of consolidation. #Xrp🔥🔥
Momentum indicators are showing strong buying pressure. XRP's daily RSI climbed to 79.2, entering overbought territory, while the ADX remained above 29, signaling a strong trend.. These readings confirm the strength of the rally but also suggest that a short-term pullback or consolidation could occur after such a rapid move.
ETF flows have been more mixed. XRP recorded $2.35 million in daily inflows during its strongest session, down from $5.81 million previously, while futures open interest fell more than 11% from its rally peak. That decline suggests some leveraged positions have been reduced as the price advanced.
XRP started the week below $1 after finding support near $0.9862. The latest rally has brought the token closer to its 200-day moving average, although it remains below that key long-term indicator...
The combination of strong price momentum, elevated RSI and declining futures positioning creates an important test for XRP. Holding the recent gains and reclaiming major resistance levels could strengthen the recovery, while failure to maintain momentum may lead to another period of consolidation. #Xrp🔥🔥