XRP is trading 2.96% higher to start the week at $2.10, snapping a multiday slump with signs of renewed momentum in the futures market. The token is down 2.24% over the past seven days and has lost 11.78% over the last month—but bullish sentiment is beginning to reemerge.
Long Bets Climb, RSI Signals Momentum Shift
Futures market data shows traders are beginning to lean long on XRP again, with the token’s long/short ratio climbing to 1.07. That marks a meaningful shift in positioning, as more traders are now betting on upward price movement than on declines—a potential signal of confidence returning to the market.
Supporting the trend is XRP’s relative strength index (RSI), which has risen to 50.77. The RSI measures momentum and overbought/oversold conditions, and a move above the neutral 50 level typically indicates growing demand. In this case, it suggests buying pressure is starting to outweigh selling, a necessary precursor to any meaningful breakout.
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