Summary
TLDR: The Ripple (XRP) price is uncertain with flat investor interest, indicated by RSI and Daily Active Addresses decreasing. A death cross in EMA lines suggests a strong downtrend, cautioning investors. If the bearish trend continues, XRP price may drop below $0.50, while a reversal could lead to challenges at higher resistance levels.
Key Points
1. The Ripple (XRP) price is in an uncertain phase, with flat investor interest indicated by the 7-day RSI not being overbought or oversold. The 7-day moving average of Daily Active Addresses has fallen by 10% in just four days, suggesting a bearish trend in network activity.
2. A death cross in the EMA lines hints at a possible strong downtrend, signaling investors in XRP to be cautious. The current RSI value indicates a market equilibrium with lukewarm sentiment towards XRP.
3. Daily Active Addresses for XRP have shown a correlation with its price, with a decrease in addresses coinciding with a decrease in price. The recent 10% decrease in the 7-day Moving Average of Daily Active Addresses could herald further price corrections for Ripple.