• Ripple (XRP) price surged 231% in 30 days, reaching its highest levels since 2018
• Bullish indicators like RSI and CMF suggest potential for further gains to $1.90 and even $2
• If momentum fades, XRP risks correction to support levels at $1.21 or $1.05
Ripple (XRP) price has surged over 230% in the past 30 days, reaching its highest levels since 2018. The strong uptrend, supported by bullish indicators like RSI and CMF, suggests the potential for further gains.
XRP RSI Analysis
Ripple RSI currently stands at 74.8, reflecting strong bullish momentum following its recent surge. The RSI measures the speed and magnitude of price changes on a scale of 0 to 100. Values above 70 indicate overbought conditions and potential for a correction, while values below 30 suggest oversold and potential recovery.
Being above 70 places XRP in the overbought zone, signaling heightened buying activity and possible caution for traders. However, historical trends show that XRP’s RSI has previously climbed beyond 70, often reaching levels as high as 80 or even 90 before corrections occur. This indicates that despite being in the overbought territory, Ripple price could still push higher in the short term.
XRP CMF Analysis
XRP CMF is currently at 0.08, reflecting a notable shift from nearly -0.10 just a day ago. The CMF measures the flow of capital into or out of an asset based on price and volume over time.
Positive CMF values indicate net capital inflows and buying pressure, while negative values suggest outflows and selling dominance. The move into positive territory highlights growing confidence among buyers and supports the recent price momentum.
While a CMF of 0.08 is positive, it remains significantly below levels seen earlier in November during major bullish periods. This suggests that while buying pressure has returned, it is not yet as strong as previous surges.
XRP Price Prediction
Ripple price is trading at its highest level since 2018 following an impressive 231.39% gain over the past 30 days. If the uptrend continues, XRP could reach $1.90, an 11% increase, and even test $2, marking a 16% rise.
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, highlighting the importance of maintaining bullish momentum to avoid a significant pullback.
Conclusion
In summary, Ripple is exhibiting strong bullish momentum that could potentially push the price to $1.90 or $2. However, overbought conditions suggest some caution is warranted. Sustaining the buying pressure reflected in the CMF will be key for XRP to continue its impressive run.
