$XRP
XRP
1.4206
-3.89%
🚨XRP finds support around the lower trendline boundary🚨
XRP broke above the lower trendline boundary of a falling wedge on Saturday and declined slightly the next day, finding support around it. XRP has stabilized around this trendline so far this week. As of Wednesday, XRP trades at $1.47.
If XRP slips and closes below the lower trendline, it could extend the decline toward the weekly support at $1.30.
Like Bitcoin and Ethereum, XRP’s momentum indicators remain conflicted, with RSI pointing to building bearish pressure while the MACD continues to signal underlying bullish momentum.
Conversely, if the lower trendline boundary holds as support, it could extend the recovery toward the 50-day Exponential Moving Average (EMA) at $1.71.