XRP is trading at $1.87 at the time of writing on Tuesday, while holding below the falling 50-day Exponential Moving Average (EMA) at $2.12, the 100-day EMA at $2.31 and the 200-day EMA at $2.40, which keeps bears in control.
The Relative Strength Index (RSI) has declined to 39 within the bearish region. A persistent decline below 40 leaves room toward 30 before oversold conditions emerge, while a push above 50 would strengthen an upside bias.
Meanwhile, the Moving Average Convergence Divergence (MACD) showcases marginally positive histogram bars. Despite the blue MACD line staying above the red signal line, momentum is fragile. A close below Friday's low of $1.77 would open the door for extended losses toward April's support at $1.61.
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Ripple Price Forecast: $XRP extends losses amid suppressed network activity.
XRP is trading at $1.87 at the time of writing on Tuesday, while holding below the falling 50-day Exponential Moving Average (EMA) at $2.12, the 100-day EMA at $2.31 and the 200-day EMA at $2.40, which keeps bears in control.
The Relative Strength Index (RSI) has declined to 39 within the bearish region. A persistent decline below 40 leaves room toward 30 before oversold conditions emerge, while a push above 50 would strengthen an upside bias.
Meanwhile, the Moving Average Convergence Divergence (MACD) showcases marginally positive histogram bars. Despite the blue MACD line staying above the red signal line, momentum is fragile. A close below Friday's low of $1.77 would open the door for extended losses toward April's support at $1.61.