XRP, the cryptocurrency created by the co-founders of Ripple, is trading near $1.29, up a whopping 30% since last weekend's close under $1.
Myriad: XRP price next move? Click to make your prediction. 
XRP price data. Image: Tradingview That’s one way to read the bullish move, but it’s worth noting that XRP outran what its usual correlation to Bitcoin would predict. On the daily chart, the Relative Strength Index, or RSI, spiked to 79.2.
RSI measures momentum on a scale from 0 to 100, with low figures indicating the asset is oversold and high numbers signalling overbought. At nearly 80, XRP is deep into overbought territory. The coin’s Average Directional Index, or ADX, score is holding well above 29, indicating an increasing trend strength due to the explosive movement. (ADX measures trend strength, regardless of direction, with anything over 25 signaling a confirmed trend.)
The money backing the rally tells a different story. Daily XRP ETF inflows fell from $5.81 million to $2.35 million the same day the token beat Bitcoin’s gains, while Bitcoin ETFs pulled in $517 million, their biggest single-day haul since May.
XRP ETF data. Image: CoinGlassFutures open interest has already dropped 11.31% from its rally-day reading, and XRP still trades about 17.5% below its 200-day trend.
In a nutshell, that all means this: It’s a big move, yes, which is sure to make XRP holders very happy. But in order to convince the bears, given the long-term trajectory, the asset must continue posting gains—even if at a slower pace—in order to activate signals of a sustained trend reversal.
