XRP Nears Overbought Levels Amid Dormancy Flow Rise, Suggesting Possible Pullback Ahead
The post XRP Nears Overbought Levels Amid Dormancy Flow Rise, Suggesting Possible Pullback Ahead appeared on BitcoinEthereumNews.com. XRP has surged nearly 30% since June 22, driven by renewed market interest, but faces potential pullback risks. The Dormancy Flow metric signals increased selling by long-term holders, hinting at a possible bearish reversal. XRP’s Relative Strength Index (RSI) above 70 indicates overbought conditions, signaling a likely price decline or cooling. Ripple’s XRP rallies nearly 30% amid market optimism, but rising Dormancy Flow and RSI signals suggest a potential price correction ahead. ‘, ‘
The post XRP Nears Overbought Levels Amid Dormancy Flow Rise, Suggesting Possible Pullback Ahead appeared on BitcoinEthereumNews.com.
XRP has surged nearly 30% since June 22, driven by renewed market interest, but faces potential pullback risks. The Dormancy Flow metric signals increased selling by long-term holders, hinting at a possible bearish reversal. XRP’s Relative Strength Index (RSI) above 70 indicates overbought conditions, signaling a likely price decline or cooling. Ripple’s XRP rallies nearly 30% amid market optimism, but rising Dormancy Flow and RSI signals suggest a potential price correction ahead. ‘, ‘
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