Is A Reversal Within A Wedge Enough To Pump XRP above $1?
The XRP price fails to remain above $0.80, indicating a continuous decline.
XRP price dips by 5.79% in 24 hours, facing resistance but showing lower price rejection at the support trendline.
XRP price finds support from the 50% Fibonacci level and the 200 EMA at $0.65, but a declining 50 EMA line indicates a possible death cross.
The RSI shows positive divergence within the falling wedge, increasing the odds of a bullish reversal and potential upside breakout.
If XRP breaks above the $0.69 resistance, it may reattain the $0.80 mark or even reach above $1.
Conversely, a bearish breakdown below the 50% Fibonacci level at $0.65 could trigger a further price fall, possibly pushing XRP to the $0.60 level.
XRP price dips by 5.79% in 24 hours, facing resistance but showing lower price rejection at the support trendline.
XRP price finds support from the 50% Fibonacci level and the 200 EMA at $0.65, but a declining 50 EMA line indicates a possible death cross.
The RSI shows positive divergence within the falling wedge, increasing the odds of a bullish reversal and potential upside breakout.
If XRP breaks above the $0.69 resistance, it may reattain the $0.80 mark or even reach above $1.
Conversely, a bearish breakdown below the 50% Fibonacci level at $0.65 could trigger a further price fall, possibly pushing XRP to the $0.60 level.