The XRP price shows a sudden halt in the downtrend at the $0.63 support level. Will this restart the bull run? Key technical points: The RSI values turnaround from the oversold boundary. The crucial daily EMAs achieve a bearish alignment. The 24-hour trading volume of Ripple is $866.2 Million, marking a 23.6% loss. Past Performance of XRP The falling trend of the XRP prices starting from the rejection faced at $0.90 generates a highly influential bearish trendline. Furthermore, the downtrend breaks under all the crucial EMAs and finds support at the $0.63 support level, accounting for a downfall of 30%. Source-Tradingview XRP Technical Analysis Under the bearish trendline influence, the XRP coin price falls lower, but the bullish breather at $0.63 teases a potential reversal. Hence, the most likely possibility is a bull run to test the resistance trendline. The 200-day EMA following a sideways path suggests a range-bound rally. However, the declining 20-and-50-day EMA reflects a correction phase in the short term. MACD Indicator: The increasing gap between the downsloping fast and slow lines indicates aggressive selling in the market. RSI Indicator: Amid the recent sell-off, the RSI slope barely escaped from entering the oversold region. However, concerning the last two swing lows, the slight RSI divergence shows weakness in the bearish momentum. In a nutshell, the XRP technical analysis forecasts a possible reversal opportuni...
