Ripple (XRP) Price Watch: Setting Its Sights Higher
Ripple Price Key HighlightsRipple price has completed its retest of a former resistance level, which has held as support.Price could be due to climb to the Fibonacci extension levels, but it has yet to break out of this short-term triangle.Technical indicators are showing mixed signals on the direction of price action from here.Ripple price appears to be gaining bullish traction but has yet to break out of a short-term symmetrical triangle.Technical Indicators SignalsThe 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. The 100 SMA is holding as dynamic support as well.RSI is turning lower, however, suggesting that selling pressure is returning. Stochastic is also on the move down to indicate that bears have the upper hand, which indicates that there’s also a pretty good chance
Like this article? Take a second to support us on Patreon!