The XRP Daily Chart highlights that price control was in bears' favor, as it failed to reach last swing highs and deteriorated at a constant pace. Also, it has been struggling below the 20-day. and 50-day EMA's.
However, the price structure was near the demand zone, where new buyers could join. Moreover, the positive optimism shared by the lawyer of XRP, for the acceleration in the final judgemnet after all briefs, could possibly become a catalyst for the breakout this year in XRP.
The XRP crypto has been trading at $0.51754 at press time. The technical indicators are bearish, but minor bullish signs have appeared in MACD as it has converged for a bullish cross. The RSI has reached 48, and it approaching to cut median line. Therefore, despite the bearish indicators, the scenario could flip to the upside.
If the demand for the XRP rises, it could bounce back from the current level. The next goal for the price could be reaching $0.62000 and $0.72000 levels.
However, if the XRP crypto price fails to stay above the $0.50000 level, it could decline further and reach lower levels.
However, the price structure was near the demand zone, where new buyers could join. Moreover, the positive optimism shared by the lawyer of XRP, for the acceleration in the final judgemnet after all briefs, could possibly become a catalyst for the breakout this year in XRP.
The XRP crypto has been trading at $0.51754 at press time. The technical indicators are bearish, but minor bullish signs have appeared in MACD as it has converged for a bullish cross. The RSI has reached 48, and it approaching to cut median line. Therefore, despite the bearish indicators, the scenario could flip to the upside.
If the demand for the XRP rises, it could bounce back from the current level. The next goal for the price could be reaching $0.62000 and $0.72000 levels.
However, if the XRP crypto price fails to stay above the $0.50000 level, it could decline further and reach lower levels.