Key technical points: XRP technical analysis shows positive price trends. XRP/USD pair found resistance at $0.3886. Most indicators are bullish. Past Performance of XRP In the last 24 hours, XRP has been on an upward trend. The token started the day at $0.3818 and reached a high of $0.3902. At the time of writing, it is trading at $0.3167. Source-Tradingview XRP Technical Analysis Analyzing the momentum indicators, we see that the MACD is currently in the bullish territory as the fast-moving line crosses above the signal line. The RSI is also rising, which indicates that the token is in bullish territory. The price is above the 50-day and 200-day moving averages, which is a positive sign for the bulls. Looking at the hourly chart, we see that the XRP/USD pair has formed a descending triangle pattern which is a bearish sign. The price is currently trading near the triangle’s support at $0.3050. A breakout below this level can push the price towards $0.2750. Overall, the technical analysis shows that XRP is in a bullish trend in the short-term and is likely to continue its upward movement. Therefore, we believe that XRP is an excellent long-term investment and is likely to continue its upward trend soon. Upcoming Trend If XRP breaks out of the descending triangle pattern, it can retest the $0.3886 resistance level. A breakout above this level can push the price towards $0.4000. However, if XRP breaks below the support of the des...
