[ad_1]
Ripple’s XRP price has skyrocketed over 230% in the past 30 days, reaching its highest level since 2018. The strong uptrend, supported by bullish indicators such as RSI and CMF, forecasts continued growth. increase.
If this momentum continues, XRP could rise to $1.90 and even test the $2 mark, marking a 16% increase from current levels. However, if the trend weakens, XRP risks a correction to the support levels at $1.21 or $1.05, representing a potential 39% decline.
XRP’s RSI is in the overbought zone, but the trend is still likely to continue
Currently, Ripple’s RSI stands at 74.8, reflecting strong bullish momentum following the recent boom. RSI, or Relative Strength Index, measures the speed and magnitude of price change on a scale of 0 to 100. Values ​​above 70 suggest overbought conditions and a possible correction, while Below 30 indicates oversold conditions and a possible recovery.
With the breach of 70, XRP is in overbought territory, signaling a strong increase in buying activity and necessary caution for traders.
However, historical trends show that XRP’s RSI has crossed the 70 level, often reaching the 80 or even 90 level before a correction occurs.
This suggests that, despite being in overbought territory, Ripple’s price could continue to push higher in the short term. If the current trend continues, XRP could extend its rally further before any pullback occurs, so it is worth keeping a close eye on the direction of the RSI.
Ripple’s CMF is currently positive, but has not yet reached a high level
XRP’s CMF is currently at 0.08, reflecting a significant move from levels near -0.10 just a day ago. CMF, or Chaikin Cash Flow, measures the flow of money into or out of an asset based on price and volume over time.
Positive CMF values ​​indicate net inflows and buying pressure, while negative values ​​indicate outflows and selling dominance. The shift into positive territory underscores the increased level of confidence among buyers and supports the recent price momentum.
While CMF at 0.08 is positive, it is still significantly lower than levels seen in November, such as 0.30 and 0.20 during major bullish periods. This shows that although buying pressure has returned, it is not as strong as in previous booms.
If CMF continues to rise, it could signal further growth for the XRP price, with room for the trend to gain further strength in the coming days.
Ripple Price Prediction: Can it reach $2?
Ripple price is trading at its highest level since 2018, following a staggering 231.39% increase over the past 30 days. The EMAs show that XRP is currently in an uptrend. If that continues, XRP could reach $1.90, an 11% increase, and even test the $2 mark, marking a 16% gain.
However, if the uptrend weakens, XRP price could face a correction, with key support levels at $1.21 and $1.05. A drop to these levels would represent a potential 39% decline, underscoring the importance of maintaining bullish momentum to avoid a significant pullback.
General Bitcoin News
[ad_2]
