XRP Hot Streak Cools as Traders Hit a Wall: Where Does It Go Next?

In brief

• XRP closed at $1.4554 on the latest daily candle, down from a $1.5505 high.
• The 50-day moving average sits below the 200-day, with a death cross still active.
• The medium-term structure says bearish, but XRP isn't alone.

The crypto market flipped from fear to "extreme greed" this week for the first time since 2024, and the Ripple-linked XRP rode that wave hard.

XRP, the cryptocurrency created by the co-founders of Ripple, erased its most bearish signal last week and took off, registering a 46% gain over seven days and topping a $91 billion market cap.

But, as is usually the case, what goes up must come down. And now XRP’s hot streak is cooling, dropping as much as 2% earlier today.

XRP isn't the only top-10 coin pulling back today, but among the decliners, XRP's drop is one of the shallowest.

XRP price: What the charts say

XRP is trading at $1.4554 on the daily chart, down from a $1.5505 high, in a recovery that still hasn't escaped a longer-term downtrend.

For the better part of April through July, XRP ground lower, bottoming near $1.00 in early August. Since then the move has been vertical—a roughly 55% rip to $1.55, with the Average Directional Index (an indicator that measures trend strength, regardless of direction) at 44.8 confirming this was no weak bounce but a strong directional leg.