$XRP still maintains a long-term upward trend as long as the level of 1.77 USD has not been broken, even though the price has fallen below 2 USD after a strong drop of Bitcoin.
The recent correction has "erased" most of the gains from January and made short-term sentiment more cautious, especially as the money flow and momentum indicators show that buying pressure is not strong enough. However, the larger timeframe price structure has not been broken.
The swing low of 1.77 USD on the 3-day chart has not been broken, so the long-term upward trend is still in effect even though XRP has adjusted deeply in the last 10 days.
At the time of writing, XRP is trading around 1.89 USD after falling below the psychological threshold of 2 USD, an event that occurred when Bitcoin dropped below 90,000 USD last week. Nevertheless, XRP is still above the January low of 1.81 USD and remains in the demand zone according to the weekly structure.
The point to watch is the pressure of money flow. The Chaikin Money Flow (CMF) indicator has remained below -0.05 since December, reflecting a steady outflow of capital. In recent weeks, the market has not shown a pattern of "increasing buying volume accompanied by sustainable price increases," weakening the bullish argument.
CMF continues to drop below -0.05, while the Money Flow Index (MFI) also failed to exceed the threshold of 50 in this timeframe. When both money flow and momentum lack improvement, the likely scenario is erratic price fluctuations, with irregular increases and decreases instead of a clear upward trend.
