The XRP technical analysis displays a reversal rally despite a short-term bearish trend with RSI attempting to cross the overbought boundary while buying pressure increases. Ripple (XRP) price has been declining since the fortnight due to increased selling pressure in the backdrop of a market crash because of the FTX controversy. Due to the bearish trend, XRP broke the support zone of $40 and is now braced to dive below the next support of $0.30 if it fails to gain bullish momentum anytime soon. After bouncing back from the 38.2% retracement level, the token prices hover between 61.8% and 78.6%, The post XRP Technical Analysis: Despite Declining, Ripple Displays Bullish Momentum appeared first on Cryptoknowmics-Crypto News and Media Platform .
