The XRP Technical Analysis shows a post-retest reversal from $0.45 with a morning star pattern ready to reclaim the $0.50 threshold. The XRP price action shows a morning star pattern crossing the border 200-Day EMA and helps the market price prevail in an uptrend. However, the uptrend might face opposition from the psychological mark of $0.50, leading to a double-top pattern. So, should you wait for the $0.50 breakout or consider taking a bullish entry at lower levels? Key Points: The Ripple price action shows a bull cycle beating the 200-day EMA. The bullish rally approaches the $0.50 mark. The intraday trading volume in Ripple is $3.918 billion. Source – TradingView XRP Technical Analysis As mentioned in our previous analysis, the XRP price action maintains an uptrend as it reverses from the $0.42 support level offering a reversal entry opportunity. Additionally, it displays a morning star pattern forming at $0.42, adding points to the reversal theory. The spike in the trading volume supports the morning star pattern and increases the uptrend likelihood. Currently, the Ripple price beats the 200-day EMA and challenges the overhead resistance of $0.50 along with the resistance zone. Therefore, the XRP price action analysis offers a buying opportunity once the market value rises above the $0.50 mark. If the bullish rally upholds to close above the $0.50 mark, sideline traders can anticipate another buying opportunity. The upco...
XRP Price Set to Explode on May 19th
