Crypto News – XRP may have a 17% upward rise before exhibiting a robust bullish breakthrough, as per the X post that was released yesterday.
XRP Price Surge: The Rise May Herald a Bullish Breakout
After three weeks without a violation of a support level on the token’s chart, the expert has expressed optimism. The altcoin managed to record a little 24-hour rise in the interim.
The price of XRP increased by 1.21% over the course of the previous trading day, according to data from the cryptocurrency market tracking website CoinMarketCap. XRP was trading hands at $0.6211 at the time of publication due to this most recent price hike.
What Do the Charts Say About the XRP Price?
The price of XRP may continue to grow over the next few days, according to technical indicators on its daily chart. The chart has most noticeably shown the emergence of an ascending triangle. Furthermore, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators were also indicating a positive trend.
The RSI line passed above the RSI Simple Moving Average (SMA) line over the previous day, giving buyers the advantage over sellers. At press time, the MACD line was trying to cross over the MACD signal line. The intersection of these two lines can prove that the upward trend for XRP will continue.
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