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What’s Next as XRP Two-Week RSI Falls to a 13-Year Low?
The token rose as the SEC eased trading rules and falling oil prices reduced pressure on Treasury yields, supporting a broader market rebound.
- XRP rose 5.5% on Monday as falling oil prices and Treasury yields sparked a broad market rebound for the banking token.
- The SEC announced a 5-year exception to trade 'tokenized' stocks in Sept after the Senate failed to advance the CLARITY Act earlier in the week.
- Positive signals from the Middle East drove Brent Crude below $100 a barrel, while the 10-year Treasury yield hit 4.96%, easing inflation concerns.
- The Nasdaq Composite rose 2% as Treasuries yields fell, providing a boost to broader market sentiment after the improved macro environment.
- Still, Johnny Rice noted Ripple has momentum, yet investors should remain cautious about whether these gains translate to XRP long-term, given its sensitivity to bond markets.
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25 Articles
25 Articles
XRP Gains Momentum as Spot Volume Rises
XRP spot activity increased alongside the latest advance, while futures volume and open interest remained elevated across the market. XLM continues testing descending resistance after recovering from August lows, with MACD and RSI showing improving momentum conditions. XRP and XLM now face key technical levels that could shape their respective short-term price structures. XRP continues attracting attention as spot activity rises, while XLM appro…
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Total News Sources25
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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