XRP Price Analysis

XRP is up more than 8% over the past week, yet it struggles to sustain momentum following the SEC dropping its lawsuit against Ripple.

After an initial surge, XRP has entered a consolidation phase, with the price trapped between key support and resistance levels. Technical indicators signal a market pause, with fading momentum and unclear direction.

XRP RSI Is Currently Neutral

XRP’s Relative Strength Index (RSI) stands at 52.89, down from 63.90 just a day prior. This drop indicates weakening bullish momentum, with buyers losing short-term control.

The RSI has returned closer to neutral levels, reflecting growing uncertainty among market participants concerning future movements.

Importantly, XRP hasn’t surpassed an RSI of 70—indicative of overbought conditions—since March 19, suggesting a lack of vigorous buying pressure.

RSI is a momentum oscillator assessing the speed and change of price movements on a 0 to 100 scale. A reading above 70 indicates overbought conditions, while below 30 suggests oversold potential. Between 50 and 70 represents bullish momentum, whereas 30 to 50 leans bearish.

With an RSI of 52.89, XRP hovers above the midpoint but moves closer to neutral, implying the bullish phase may be cooling unless renewed buying occurs.

Ichimoku Cloud Shows An Indecisive Market

XRP’s Ichimoku Cloud chart suggests consolidation, with price hovering just above the cloud but lacking momentum.

The Tenkan-sen and Kijun-sen lines are flat and close together, signifying a pause in trend strength, indicating a balance between buyers and sellers.

The absence of a clear Tenkan/Kijun crossover supports the view of a neutral market phase, rather than a decisive trend in either direction.

The ahead cloud is thin and slightly bullish, indicating some support beneath the price, though it’s not strong. A thin cloud may signal vulnerability to increased selling pressure. Additionally, the Chikou Span’s close interaction with past price action conveys further weakening momentum. Overall, the Ichimoku setup reflects uncertainty with XRP needing a decisive push to escape the current range-bound structure.

Will XRP Breach $2.50 Resistance?

Following the SEC’s case dismissal, XRP initially surged but has since cooled. The price is now caught in a consolidation phase, with resistance at $2.47 and support at $2.35.

Should the current support level be tested and fail, XRP may face heightened selling pressure, risking a move down to $2.22, or even further to $1.90 if bearish momentum intensifies.

Conversely, if buyers regain control and push XRP over the $2.47 resistance, targets would shift to $2.59 and $2.749, aligning with previous rejection areas. With strengthened uptrend momentum, XRP might reach as high as $2.99.