XRP Faces Potential Pullback as Technical Indicators Signal Weakness

XRP’s recent bullish momentum appears to be losing steam as key technical indicators turn bearish in the short term. The cryptocurrency’s Relative Strength Index (RSI) has seen a significant drop from 65.13 to 46.95 within just 24 hours, suggesting weakening buying pressure and a potential trend reversal. This rapid cooling comes after a period of price appreciation, leaving traders closely monitoring key support levels. As of the latest data, XRP is trading at 2.38810000 USDT, with its weekly gains now at risk due to these concerning signals in the market.

XRP Weekly Gains at Risk as Momentum Indicators Flash Warning Signs

XRP’s bullish momentum shows signs of fatigue as technical indicators turn bearish in the short term. The cryptocurrency’s Relative Strength Index (RSI) plunged from 65.13 to 46.95 within 24 hours, signaling weakening buying pressure and a potential trend reversal.

Traders are closely watching key support levels after the RSI dropped below the neutral 50 threshold. The rapid cooling follows recent price appreciation, with market participants now questioning whether this represents a healthy pullback or the start of a deeper correction.

Market technicians note the RSI’s decisive break into the lower neutral zone often precedes either consolidation or further downside. XRP’s ability to hold current support levels will likely determine its near-term trajectory.

Judge Denies SEC-Ripple Settlement Motion as XRP Lawsuit Continues

Judge Torres rejected a joint settlement motion between Ripple and the SEC on procedural grounds, casting uncertainty over a deal that would have reduced Ripple’s penalty from $125 million to $50 million. The ruling underscores the court’s strict adherence to legal standards under Federal Rule of Civil Procedure 60, which demands "exceptional circumstances" to alter final judgments.

The failed settlement leaves Ripple’s operational constraints intact, including restrictions on token sales. Market participants now await further developments in a case that continues to shape regulatory expectations for cryptocurrency issuers.

Ripple’s XRP Poised for Growth Amid Bullish Market Trends

Ripple’s XRP has emerged as a standout performer in the cryptocurrency market, with a staggering 389% surge over the past year. The altcoin reached a high of $3.39 in 2024, narrowly missing its all-time peak of $3.84. Market sentiment remains optimistic, with expectations of further upward momentum.

Recent data shows XRP gaining 14.63% in the past month, climbing from $2.04 to $2.65. Despite a 5.16% dip in the last 24 hours, the token continues to trade at $2.45, reflecting strong investor confidence. The asset’s 12.40% weekly increase underscores its resilience in a volatile market.

XRP Faces Valuation Risks Amid Bullish Sentiment

Ripple’s XRP dropped 4.74% to $2.47 after encountering resistance at the $2.66 Fibonacci level. Despite bullish crowd and smart money sentiment, on-chain metrics reveal potential overvaluation risks.

The Network Value to Transactions (NVT) ratio spiked while MVRV stagnated, signaling caution. Exchange reserves fell 3.22% to $7.28 billion, indicating tightening supply amid price pressure.

Market momentum now hinges on XRP’s ability to break through key resistance levels. The divergence between sentiment indicators and valuation metrics presents a classic case of market euphoria meeting technical reality.

Analyst Reveals Surprising Correlation Between XRP and Crude Oil Prices

Market technician Dom (@traderview2) has identified an unconventional yet compelling relationship: XRP’s price movement when denominated in West Texas Intermediate crude oil. The XRP/USOIL pair has repeatedly tested—and failed to breach—a key resistance level since December 2023, with two notable rejections occurring in May 2024.

The five-month resistance shelf has proven remarkably resilient, rejecting six separate attempts by XRP bulls to break through. "Could you ask for a cleaner range?" Dom remarked on May 13, highlighting the technical precision of these price movements. The repeated failures at this level now serve as a clear demarcation for the next potential upward surge.

XRP Faces Renewed Pressure as Bulls Lose Momentum Near $2.50

XRP’s rally has stalled NEAR the $2.50 level, with the token now showing signs of exhaustion after a brief surge above key technical indicators. The failure to sustain gains above the breakout zone has heightened downside risks, with weakening volume signaling a potential liquidity-driven downturn.

The reversal pattern formed near $2.60 suggests aggressive selling pressure is mounting. A breach of the $2.30–$2.25 support range could open the door to a test of the psychologically critical $2.00 level—a breakdown that WOULD invalidate the recent breakout and potentially trigger a deeper correction.