XRP Teeters on Knife's Edge at $1.35: Breakout or Flush Incoming
XRP is currently trading at $1.35, and its momentum has stalled, according to technical analysis. The Moving Average Convergence Divergence (MACD) histogram has flatlined to zero, indicating a momentum exhaustion signal.
The Relative Strength Index (RSI) is sitting at 58.73, which is neither oversold nor confirms bullish conviction. Buyers are hesitant, and the chart shows indecision dressed up as stability.
The short-term moving average (SMA 7) is above current price, indicating that recent tape has rolled over. XRP broke below its own short-term average intraday, which matters.
Despite 71.3% of retail positioning being long and smart money sitting at an even more aggressive 74% long, the actual real-money flow on the tape is telling a different story. Sellers are outpacing buyers in executed aggression right now.