Technical Analysis XRP
- Buy: TP $0.67, SL below $0.50
- Pattern: Symmetrical Triangle, price is consolidating, and a breakout above the 200-day MA (~$0.55) and $0.57 resistance could lead to an upswing to $0.67.
- Trend: Short-term strong up, medium-term neutral, long-term up.
- Momentum: MACD is still bullish but weakening. RSI is neutral (30-70).
- Support: $0.57, $0.50
- Resistance: $0.67, $0.75
Summary: Price is consolidating in a symmetrical triangle and could break out to $0.67 if it surpasses $0.57 resistance, with Stop Loss below $0.50.
About The Author
