XRP USD Slides 2.7% to $1.38 as ADX Signals Strong Downtrend

XRP USD dropped 2.7% to $1.3826 in the past 24 hours, extending a broader pullback that has seen the token lose 7.3% over five days. No single news event explains the move. The technical picture shows a strong downtrend confirmed by multiple indicators, with price trading well below its 50-day average of $1.4254.

Why XRP is trading below key moving averages

XRP closed at $1.3826, down 3.8 cents from the previous close of $1.42119. The token trades 3% below its 50-day average and 7.8% above its 200-day average of $1.28017. Volume surged to 4.52 billion, 68% above the 30-day average, signaling active selling pressure during the decline.

What the technical indicators reveal about the downtrend

ADX stands at 35.49, confirming a strong downtrend in effect. RSI at 45.18 sits in neutral territory, neither overbought nor oversold, suggesting room for further weakness. MACD is negative with a histogram of -0.02, and the Commodity Channel Index at -298.53 signals extreme oversold conditions. Price sits near the middle Bollinger Band at $1.45, with support at the lower band of $1.28.

XRP USD price forecast shows continued pressure

Meyka forecasts XRP at $0.97 in one month, representing a 29.8% decline from current levels. The 12-month forecast of $1.11 implies a 19.4% drop. These projections reflect the technical weakness visible in the indicators and the token’s year-to-date loss of 25.2%. Forecasts may change due to market conditions, regulations, or unexpected events.

Volume surge underscores selling conviction

Trading volume of 4.52 billion exceeded the 30-day average by 68%, indicating strong participation in the selloff. Money Flow Index at 48.59 remains neutral, but the combination of elevated volume and negative momentum suggests sellers are in control. On-Balance Volume at 12.98 billion reflects the cumulative selling pressure.

Final Thoughts

XRP’s 2.7% drop fits a broader downtrend confirmed by ADX at 35.49 and negative MACD. With forecasts pointing to $0.97 within a month and price below its 50-day average, the data suggests continued weakness in the near term. Traders should monitor the $1.28 support level.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.