XRP Gains 2% Amid Bearish Signals

XRP has experienced a modest gain of only 2% over the past week, indicating a lack of momentum and waning interest from buyers in the short term. This trend is further supported by various technical indicators, including the Relative Strength Index (RSI), Ichimoku Cloud, and Exponential Moving Average (EMA) lines, which collectively suggest increased bearish pressure on the asset.

The RSI for XRP has declined from 57.30 to 46.34, signaling a significant shift in momentum. This rapid decline suggests that traders are either taking profits or rotating out of their positions, particularly after a period of modest gains. Although XRP has not yet entered oversold territory, the drop below the 50 mark is typically viewed as a bearish signal, indicating a potential shift from bullish to neutral or bearish sentiment. The RSI, which ranges from 0 to 100, helps traders gauge the strength of a price trend, with readings above 70 considered overbought and readings below 30 considered oversold. With XRP currently at 46.34, it suggests that the asset is losing upward momentum and may be at risk of further downside unless buying interest returns soon. If selling pressure continues and the RSI trends lower, XRP could test key support levels in the near future.

The Ichimoku Cloud chart for XRP also shows a shift toward short-term bearish momentum. The price has fallen below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline), which is typically viewed as a bearish signal. When the price trades beneath these two lines, it often suggests weakening momentum and increasing downside risk unless a quick recovery follows. Additionally, the price is now entering the green cloud (Kumo), which represents a zone of uncertainty or consolidation. The cloud ahead is relatively flat and wide, indicating potential support but also a lack of strong upward momentum. The green Senkou Span A (leading span A) remains above the red Senkou Span B (leading span B), signaling that the broader trend is still slightly bullish—but if price action stays inside or breaks below the cloud, that trend may begin to reverse. Overall, the Ichimoku setup points to caution for bulls unless XRP reclaims the Tenkan and Kijun lines convincingly.

XRP’s EMA lines are also showing signs of weakness, with the price repeatedly failing to break through the resistance near $2.17, even amid speculation about a potential partnership with Swift. This repeated rejection at the same level indicates strong selling pressure. The EMAs suggest momentum is fading as the shorter-term average is beginning to bend downward. A potential death cross, where the short-term EMA crosses below the long-term EMA, appears to be forming. If confirmed, it could signal a deeper correction ahead, with XRP possibly retesting support levels at $2.02 and $1.96. A breakdown below these levels could lead to a drop toward $1.61. However, if bulls manage to reclaim $2.17, the next resistance at $2.24 becomes the key target. A clean break above that could trigger a stronger rally, potentially pushing XRP to $2.35 or even $2.50 if momentum accelerates.