The XRP price is expected to break out from the current triangle pattern after consolidating for a short period of time. It’s unclear if it will be able to reclaim the long-term $0.80 resistance area after.
The XRP price has been falling underneath a descending resistance line since reaching a local top of $1.97 in April 2021. The downward move led to a low of $0.29 in June 2022.
The rebound that followed caused a breakout from the line at the beginning of September. Additionally, it seems that the bearish divergence trendline in the RSI (green line) that preceded the entire correction has now been broken.
So, there are numerous bullish signs in place. However, the price action and indicator readings are at a crucial level that could make or break the long-term trend.
It's just my Own Opinion
XRPUSDT
The XRP price has been falling underneath a descending resistance line since reaching a local top of $1.97 in April 2021. The downward move led to a low of $0.29 in June 2022.
The rebound that followed caused a breakout from the line at the beginning of September. Additionally, it seems that the bearish divergence trendline in the RSI (green line) that preceded the entire correction has now been broken.
So, there are numerous bullish signs in place. However, the price action and indicator readings are at a crucial level that could make or break the long-term trend.
It's just my Own Opinion
XRPUSDT
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