🚀 XRP rally accelerates after breaking 54 cents. Let's take a look at the technical indicators that could explain the rise in XRP price today.
1. Buyers continue to dominate: Sustained buying volume has pushed XRP to nearly 57 cents, indicating a possible rally has begun. The current target is resistance at 68 cents.
2. Bullish momentum strengthens: The candles on the three-day chart are making higher highs with expanding bodies, indicating that bullish momentum is strengthening. The three-day RSI has also crossed 50 points, indicating a bullish market.
3. Bullish cross on MACD: The three-day MACD has formed a bullish cross, indicating a significant change in price dynamics. On a historical basis, XRP has a good chance of continuing its gains throughout the month and testing key resistance at 68 cents. 📈