XRP, Monero, and Mantra are currently showing very different trading patterns that will need to be crossed examined delicately. XRP is trading around $2.29 and hovers near the upper boundary of a rising wedge pattern, suggesting potential vulnerability to a sharp pullback. Monero had an impressive breakout, hitting a multi-month high, but is now flashing overbought signals. Mantra is currently trading sideways across a horizontal range, which is an ideal sign of consolidation or indecision.

XRP's Rising Wedge and Potential Correction

XRP/USD XRP’s price action has resulted in a textbook rising wedge pattern on the 4-hour chart, thus indicating an impending correction. A break below the lower trendline of this wedge would confirm a bearish rising wedge structure. The nearest downside XRP correction point might be towards the former $1.89 support area.

XRP breaks the bearish trend as it defends its 50-EMA at $2.09 and 200-EMA at $2.17. These floors would offer much-needed temporary support. XRP457.47 4-hour RSI The 4-hr RSI for XRP is at neutral territory at the moment, having gone slightly overbought and come back down.

Monero's Surge and Overbought Territory

For all of these theories, Monero (XMR/USD) exploded 40% on the news, having reached $329 on April 28 before peaking out at multi-month highs. This spike was in large part powered by the liquidation of more than 1 million in Monero shorts. After this speedy surge, Monero has entered a critical Fibonacci retracement area between $246 and $292.

What’s interesting here is that Monero’s weekly RSI has just crossed above 70 into overbought territory for the first time since 2021. That means the positive momentum is potentially overstated, and a correction could be on the horizon.

Mantra's Sideways Trading and Key Levels

Mantra (OM/USDT) has been trading sideways in a horizontal range so far this year, with resistance at $0.5865 and support at $0.5006. Taken together, this signals a time of consolidation and plunge into indecision over the market. Decline under $0.5006 might clear the way down toward fresh lows for Mantra. On the other hand, a breakout above $0.5865 would invalidate the bearish thesis.

At the moment, XRP price is still trading under the 50-EMA ($0.6693) and the 200-EMA ($2.83) which indicates a bearish bias for Mantra. Traders will want to pay very close attention to these important levels as they could foreshadow a breakout or breakdown.