XRP extended its slide on Tuesday. The token fell as much as 2% to $1.4554 after touching a $1.5505 intraday high, giving back two sessions of gains as a vertical recovery ran into technical resistance and overbought momentum readings flashed warning signs.
The numbers behind the move are hard to ignore. XRP climbed roughly 46% over seven days and pushed its market cap past $91 billion, according to Decrypt. Since bottoming near $1.00 in early August, the token ripped about 55% to $1.55. That is a move steep enough to register an Average Directional Index reading of 44.8, confirming the leg had real directional force behind it.
That same force is now working against the tape. XRP opened the latest daily candle at $1.4818 and closed at $1.4554. Two straight down days. RSI sits at 76.8, well above the 70 threshold that traders read as overbought. The 50-day exponential moving average still trails the 200-day EMA. The death cross technically remains active even after last week’s bounce erased its most bearish signal.
XRP ground lower from April through July before finding a floor near $1.00 in early August. The rebound from that base was fast. It reclaimed $1.5507, a level Decrypt’s technical analysis identifies as the swing point. Holding above it points to $1.5824, then $1.6227. Slipping below it puts $1.4342 in play, with a $1.40 shelf underneath and the $1.00 origin of the rally back on the table if that shelf breaks.
The pullback is shallow so far. Among top-10 decliners on the day, XRP’s drop ranks as one of the smallest. That cuts both ways. Leverage has not yet been forced out of the move. The broader crypto market flipped from fear to “extreme greed” this week for the first time since 2024, a sentiment shift that historically coincides with local tops more often than it does with sustainable breakouts.
Decrypt’s analysis frames the base case as a drift toward $1.4342 before the next leg resolves. That reading leaves open whether spot buyers step in at the 50-day EMA or whether the death cross reasserts itself first. Traders, as ever, disagree.
The views and opinions expressed in the cited analysis are for informational purposes only and do not constitute financial or investment advice.
