XRP Treads Water as Overbought Conditions Mount

XRP is pushing against its upper Bollinger Band at $1.49-$1.50, with an RSI reading of over 82 indicating extreme overbought conditions.

The asset has been trading above its key moving averages on the daily chart, suggesting a strong trend in place.

However, the setup is flashing yellow as the Bollinger Bands and RSI suggest that XRP may be due for a correction.

The top-trader long/short ratio is sitting at 2.785, with smart money accounts on Binance Futures running nearly 74% net long.