According to CryptoPotato, XRP has shown bullish tendencies as buyers have taken control of the price action. Several technical indicators provide insights into the current market situation and potential future trends. Key support levels are at $0.54, while key resistance levels are at $0.68.
Buyers have reversed the previous downtrend and broken through the key resistance at 54 cents, which is now being tested as a support level. If the price can be maintained above this level, the bullish momentum may increase.
After some initial hesitation, XRP's bulls took the initiative and managed to raise the price. If this trend continues, the cryptocurrency could start a rally and approach 60 cents again. In the future, XRP could even challenge the key resistance at 68 cents, which is still quite a distance away.
The daily MACD is firmly on the bullish side, and the 2-day MACD also completed a bullish cross. This is another confirmation that momentum is shifting towards a bullish trend. This could be the start of a sustained recovery after the losses experienced in April.