Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Ripple (XRP) Price Uptrend Could Fade Following 333% Rally in a Month

Source Beincrypto

Ripple (XRP) price was the biggest gainer among the top 10 coins in the last 30 days, with a 333% increase. However, recent indicators show that its bullish momentum may be fading.

XRP’s RSI currently sits at 47.9, signaling a neutral stance after previously being in overbought territory. Additionally, the Chaikin Money Flow (CMF) has shifted into negative territory, suggesting increased selling pressure, which could signal further downside for the price.

XRP RSI Is Currently Neutral

Ripple RSI currently sits at 47.9, a notable decrease from its previous value above 70 between December 2 and December 3. An RSI above 70 typically indicates that an asset is overbought, suggesting it may be due for a correction or pullback.

The drop below 70 signals that XRP is no longer in overbought territory, and the recent decline could reflect the fading of the uptrend that was driving its price higher.

XRP RSI. Source: TradingView

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with readings above 70 suggesting overbought conditions, while readings below 30 indicate oversold conditions.

As XRP RSI has fallen back below 70, this could signal the end of its recent bullish momentum. If the RSI continues to trend lower, it may indicate further downside potential for XRP, with the price likely to face more resistance as the uptrend fades.

Ripple CMF Is Now Negative After 6 Days

XRP’s CMF (Chaikin Money Flow) has dropped to -0.10, following a period of positive values between November 29 and December 5. The shift into negative territory suggests that selling pressure has increased as the CMF measures the flow of money into and out of an asset.

A negative CMF indicates that more money is flowing out of the asset than in, which can be a bearish signal for the price.

XRP CMF. Source: TradingView

CMF is an indicator that combines price and volume to measure the buying and selling pressure over a specific period. It ranges from -1 to +1, with positive values signaling accumulation (buying pressure) and negative values signaling distribution (selling pressure).

XRP’s current CMF at -0.10 is the lowest value since November 21, indicating a shift towards bearish market sentiment. This negative CMF could imply further downward pressure on XRP price in the near term, suggesting that the asset might face resistance in maintaining its value or could experience additional declines.

Ripple Price Prediction: Will XRP Fall Below $2 In December?

Ripple EMA lines show that its short-term lines are currently above the long-term lines, indicating a generally bullish outlook. However, XRP price is currently trading below the shortest EMA line, which could signal the start of a downtrend.

XRP Price Analysis. Source: TradingView

If this trend continues, XRP price could face downward pressure, potentially testing the support level at $1.88.

If the downtrend is avoided and an uptrend resumes, Ripple price could rise to test the $2.90 resistance level. Should this resistance be broken, there is potential for further gains, with the next major level of interest being $3.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judge Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Author Irene Q.

Oct 26, Mon

Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the risk Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Author Irene Q.

Oct 27, Tue

Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Author TradingKey

Oct 27, Tue

The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premium December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Author Irene Q.

20 hours ago

December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Popular Symbols