XRP Hot Streak Cools as Traders Hit a Wall: Where Does It Go Next?
Crypto sentiment flipped to “extreme greed,” and XRP surged with it, gaining 46% over seven days and briefly pushing its market cap above $91 billion. The rally followed a steep recovery from near $1.00 in early August to a high around $1.55, with strong trend strength confirmed by a high ADX reading. Now the move is cooling: XRP has slipped about 2% and closed at $1.4554 after two straight down days, suggesting the rebound is stalling near resistance rather than starting a new uptrend. Technicals remain bearish overall because the 50-day average is still below the 200-day average in a death cross, and RSI at 76.8 signals overbought conditions. Bullish continuation would require XRP to reclaim and hold $1.5507 and then target higher levels near $1.58 and $1.62. If it loses $1.4342, the pullback could deepen toward $1.40 and potentially back to the August low near $1.00.
