$XRP
XRP
1.9248
+0.78%
XRP was retested and found support around the lower trendline boundary of a falling wedge pattern on Friday, and recovered slightly the next day. As of Monday, XRP is approaching the daily resistance at $1.96.
If XRP closes above the daily resistance at $1.96 on a daily basis, it could extend the recovery toward the 50-day EMA at $2.13.
The RSI on the daily chart reads 42 below its neutral level of 50, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) is showing a bullish crossover on Monday, indicating early signs of bullish momentum.
However, if XRP faces a correction, it could extend the decline toward Friday’s low of $1.77.