Ripple (XRP) technical analysis:
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.