3 min readRIPPLE (XRP/USD):
On the daily timeframe, price action has been quite choppy for most of the year. There haven’t been any significant moves indicating that XRP is poised to push toward new highs. As shown below, the price appears to be ranging while maintaining support within the $0.42 to $0.48 region.
Looking more closely, we appear to be breaking out of this daily descending trendline, but there hasn’t been much follow-through in terms of a strong upward push. The RSI doesn’t indicate that the price is overbought at these levels. Overall, if we begin to trade higher, I’ll be particularly interested in how the price reacts around the resistance zone in the $0.62 to $0.65 region.
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