XRP Price Re-enters Uptrend

The price of $XRP came close to testing the 200-day EMA support at $0.5487 but reversed the uptrend and settled at $0.5811. The 20-day EMA at $0.5833 is limiting the rise, but if Ripple breaks it, it could reach a breakout above $0.6.

A breakout of the upcoming inverse head and shoulders (H&S) pattern could push the price of #xrp 21.6% higher to $0.74 in the coming weeks. The RSI reversal above the trendline resistance would also add confidence to the bullish outlook.

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Investors should be prepared for any eventuality, including a possible correction to $0.4 if the SEC decides to appeal the final decision in the lawsuit against Ripple.

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