đ„ A few days ago, Ripple experienced a bullish rebound, signaling the initiation of an upward trajectory. The question now remains whether Ripple will successfully surpass the current resistance levels.
Yesterday, Ripple encountered notable resistance, leading to an initial bearish rejection in price action. The pivotal query centers on whether Ripple will manage to overcome these resistance barriers today.
đčïžXRP Price Rallies from Golden Ratio Support at $0.475: Whatâs Next âïž
About a week ago, XRP found support at the golden ratio around $0.475, sparking a bullish rebound. Subsequently, Ripple embarked on an upward trajectory, reaching resistance at the 200day EMA near $0.567 yesterday.
However, Ripple faced initial bearish rejection at this level. Nonetheless, the Moving Average Convergence/Divergence indicator (MACD) indicator continues to exhibit bullish signals.
With the MACD histogram trending upward and the MACD lines crossing bullishly, coupled with a neutral Relative Strength Index (RSI), XRP may attempt another breakthrough of the 200 day EMA resistance at approximately $0.57 today.
