XRP May Be Oversold After Falling Below 50-Day SMA; SBI MOU on RLUSD Could Support Demand
The post XRP May Be Oversold After Falling Below 50-Day SMA; SBI MOU on RLUSD Could Support Demand appeared on BitcoinEthereumNews.com. XRP price slipped to $2.78 after falling below its 50-day SMA of $2.99 for a third session, with the hourly RSI dipping under 30—signaling oversold conditions and a possible short-term relief rally while macro risk and liquidations weigh on sentiment. XRP closed as low as $2.78, marking three sessions below the 50-day SMA ($2.99). Hourly RSI fell below 30, suggesting oversold momentum and a potential technical rebound. Ripple signed an MOU with SBI VC Trade to distribute RLUSD in Japan, supporting stablecoin expansion amid market volatility. XRP price update: XRP price fell to $2.78, oversold on RSI; monitor SMA and RLUSD developments. Read latest analysis and next steps. Published: 2025-08-23 | Updated: 2025-08-23 | Author: COINOTAG XRP trades below the 50-day SMA for three sessions, hitting $2.78 as RSI signals oversold territory amid broader market weakness. ‘, ‘
The post XRP May Be Oversold After Falling Below 50-Day SMA; SBI MOU on RLUSD Could Support Demand appeared on BitcoinEthereumNews.com.
XRP price slipped to $2.78 after falling below its 50-day SMA of $2.99 for a third session, with the hourly RSI dipping under 30—signaling oversold conditions and a possible short-term relief rally while macro risk and liquidations weigh on sentiment. XRP closed as low as $2.78, marking three sessions below the 50-day SMA ($2.99). Hourly RSI fell below 30, suggesting oversold momentum and a potential technical rebound. Ripple signed an MOU with SBI VC Trade to distribute RLUSD in Japan, supporting stablecoin expansion amid market volatility. XRP price update: XRP price fell to $2.78, oversold on RSI; monitor SMA and RLUSD developments. Read latest analysis and next steps. Published: 2025-08-23 | Updated: 2025-08-23 | Author: COINOTAG XRP trades below the 50-day SMA for three sessions, hitting $2.78 as RSI signals oversold territory amid broader market weakness. ‘, ‘
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