Rocket Pool falls as ongoing selling pressure dominates intraday trading
Rocket Pool (RPL) is trading at $1.523, down 7.7% for the day. The price sits below its key moving averages, reflecting ongoing bearish pressure and alignment with the session’s intraday low.
Highlights
- Ripple and Arf formed a partnership to expand RLUSD stablecoin settlement liquidity on the XRP Ledger for payment companies with short-term financing needs.
- Arf intends to use the XRP Ledger's native lending infrastructure, subject to validator approval, to support institutional payment providers.
- RPL/USD is trading below key moving averages with persistent bearish momentum, facing high near-term downside risks in a projected $1.4736 to $1.585 range.
Liquidity partnership fails to lift Rocket Pool amid persistent selloff
Ripple and Arf established a partnership to broaden RLUSD stablecoin settlement liquidity on the XRP Ledger, specifically targeting payment companies with short-term financing and working capital needs, according to Crypto. Plans were also disclosed for Arf to adopt the blockchain’s native lending infrastructure, which is contingent upon validator approval. While this collaboration aims to enhance liquidity access for payment providers and institutional use cases on the XRP Ledger, the news did not generate immediate upward traction for Rocket Pool and coincided with ongoing selling pressure.
Technical breakdown deepens as momentum turns decisively bearish
On the hourly chart, RPL/USD is positioned beneath the MA-20 at $1.5793 and the MA-50 at $1.6004. The daily chart shows the pair also trading below the long-term MA-200 at $1.6935, indicating a notable loss of support. Ichimoku Kijun at $1.591 serves as immediate resistance. Momentum indicators signal continued weakness: MACD and ADX both confirm strong selling control, RSI is at 30 flagging near-oversold conditions, CCI registers a Sell, and Bull/Bear Power remains negative intraday. Stochastic RSI and the Awesome Oscillator are neutral, not indicating decisive direction.
Downside favored as rebound odds shrink within volatile trading range
Over the next two to three trading days, the anticipated price range lies between $1.4736 and $1.585, reflecting typical volatility around current levels. The probability of a rebound above resistance is considered very low, while the likelihood of further declines is high. The baseline scenario expects a sideways pattern within this corridor; a bullish case requires a sustained breakout past $1.591, whereas a bearish extension may develop if support fails and downside momentum resumes.
Previously it was reported that Rocket Pool had shifted from a bearish phase to a period of short-term bullish consolidation. The latest price action now signals a reversal of that trend, with continued downside momentum making the $1.4736 support level a key threshold for traders to monitor in the coming days.