The post XRP Loses Steam After SEC Win, Enters Consolidation Mode appeared on BitcoinEthereumNews.com.

XRP is up more than 8% over the past seven days, but it hasn’t been able to maintain the strong momentum sparked by the SEC dropping its lawsuit against Ripple. After the initial surge, XRP has entered a phase of consolidation, with price action stuck between key support and resistance levels. Technical indicators now reflect a market on pause, with momentum fading and direction unclear. XRP RSI Is Currently Neutral XRP’s Relative Strength Index (RSI) is currently at 52.89, a notable drop from 63.90 just one day ago. This sharp decline signals a weakening in recent bullish momentum, as buyers appear to be losing control over the short term. RSI has now slipped closer to neutral territory, suggesting that market participants are increasingly uncertain about the next move. Importantly, XRP hasn’t reached RSI levels above 70—commonly associated with overbought and strongly bullish conditions—since March 19, over a week ago, indicating a lack of strong buying pressure during this period. XRP RSI. Source: TradingView. RSI, or Relative Strength Index, is a widely used momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. An RSI reading above 70 typically signals that an asset is overbought and could be due for a pullback, while a reading below 30 suggests it may be oversold and primed for a bounce. Values between 50 and 70 generally reflect bullish momentum, whereas readings between 30 and 50 lean bearish. With XRP now sitting at 52.89, it remains above the midpoint but is edging closer to neutral, suggesting the recent bullish phase may be cooling off unless renewed buying activity steps in. Ichimoku Cloud Shows An Indecisive Market XRP’s Ichimoku Cloud chart shows a market in consolidation, with price action hovering just above the cloud but lacking strong momentum.…

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Filed under: News - @ March 26, 2025 2:27 am