long-term downtrend has been weakening lately, with the gap between its 50-day and 200-day simple moving averages on the weekly chart growing narrower by the day.
When the gap between the two moving averages narrows and the 50-day SMA rests below the 200-day SMA, as in XRP’s case, it often suggests a weakening downtrend. It means that XRP’sAlthough the downward pressure on XRP may be weakening, readings from other key technical indicators revealed that bearish sentiments remain high.
A negative CMF value indicates a spike in market selling pressure or coin distribution. It suggests that an asset is being sold more than it is being bought, and money is flowing out of the asset.
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