XRP News Today: XRP's 10% Weekly Gain Faces 4.6% Correction

XRP has experienced a 10% increase over the past week, but a 4.6% correction on Thursday indicates a potential shift in momentum. The Relative Strength Index (RSI) has dropped below 50, and Ichimoku indicators show the price slipping under key support lines, while the Exponential Moving Average (EMA) gap is narrowing. These factors collectively suggest weakening short-term strength.

Despite the recent pullback, XRP’s broader trend remains technically bullish. However, the current indicators reflect growing vulnerability. The depth of the recent pullback and whether it sets the stage for a rebound will depend on how XRP behaves around current support zones.

The RSI for XRP has declined significantly, falling from 65.13 to 46.95. This drop indicates a clear loss of bullish momentum within a short time frame, placing XRP back in the lower half of the neutral RSI zone. The RSI is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. Readings above 70 typically suggest an asset is overbought and may be due for a correction, while levels below 30 indicate oversold conditions that could precede a rebound. XRP’s current RSI of 46.95 suggests neither extreme, but the downward trend could signal weakening demand. If the RSI continues falling toward 30, it may point to increased bearish pressure; however, a bounce from current levels could help XRP stabilize and attempt a recovery.

The Ichimoku Cloud chart for XRP shows a shift in momentum as the price action has moved below both the blue Tenkan-sen and red Kijun-sen lines. This crossover to the downside is typically viewed as a short-term bearish signal, especially when confirmed by the price trading below the Kijun-sen. The cloud ahead (Senkou Span A and B) is currently green, indicating that the longer-term outlook still holds a bullish bias. However, the cloud’s narrowing suggests weakening trend strength and increasing vulnerability to a possible trend reversal. The price is now approaching the edge of the green cloud, which acts as a key support zone. If this support holds, XRP may consolidate or attempt a bounce. However, if the price breaks decisively below the cloud, it would mark a bearish shift in structure. Additionally, the Chikou Span (lagging green line) has lost its bullish separation from past price action, suggesting that momentum is no longer clearly on the bulls’ side. The overall setup reflects a market at a crossroads—still holding structural support, but with growing signs of weakness.

XRP’s EMA lines remain bullish, with shorter-term moving averages still positioned above the longer-term ones—an indication that the broader trend is intact. However, the gap between these lines has narrowed, signaling a potential weakening in momentum. This compression suggests that bulls are losing control, and if XRP fails to hold the nearby support at $2.42, it could open the door for a deeper correction. In such a case, further downside targets include $2.32, followed by $2.25 and $2.15 if bearish pressure accelerates. Despite this vulnerability, XRP is still up 11.7% over the past week, showing it has recently attracted buying interest. If positive momentum resumes, XRP could again challenge the $2.65 resistance. A successful breakout above that level may pave the way for a move above $2.70—a price not seen since March 2.

In summary, while XRP has shown recent gains, the current technical indicators suggest a potential pullback. The RSI drop below 50, the price slipping under key Ichimoku support lines, and the narrowing EMA gap all point to weakening short-term strength. However, the broader trend remains bullish, and XRP’s behavior around current support zones will be crucial in determining the next move. If support holds, XRP may stabilize and attempt a recovery, but a decisive break below key levels could signal a deeper correction.