XRP Price Analysis: Ripple Aims For $0.55 Break To Cross $0.70!
XRP price is currently above the 200-day EMA but struggles for a strong closing.
The coin aims to avoid a death crossover and is preparing for a $0.55 breakout.
A breakout above $0.55 could refuel the uptrend and aim for $0.70.
XRP rose sharply by 2.28% on Thursday and continued the trend on Friday.
The coin closed at $0.5217, giving a bullish closing above the 200-day EMA.
The one-day chart shows a sharp reversal but fails to exceed the $0.54 resistance zone.
Two consecutive bullish candles are undermining the previous bearish trend.
The ongoing battle at the 200-day EMA is crucial for the future price trend.
MACD indicators show a bullish trend with rising histograms.
The daily RSI line is above the halfway mark but shows a sideways trend.
A failure to sustain above the 200-day EMA could lead to a retest of the $0.50 mark.
The weekend price movement will be critical for determining the future trend.
The coin aims to avoid a death crossover and is preparing for a $0.55 breakout.
A breakout above $0.55 could refuel the uptrend and aim for $0.70.
XRP rose sharply by 2.28% on Thursday and continued the trend on Friday.
The coin closed at $0.5217, giving a bullish closing above the 200-day EMA.
The one-day chart shows a sharp reversal but fails to exceed the $0.54 resistance zone.
Two consecutive bullish candles are undermining the previous bearish trend.
The ongoing battle at the 200-day EMA is crucial for the future price trend.
MACD indicators show a bullish trend with rising histograms.
The daily RSI line is above the halfway mark but shows a sideways trend.
A failure to sustain above the 200-day EMA could lead to a retest of the $0.50 mark.
The weekend price movement will be critical for determining the future trend.