Ripple (XRPUSD) is trying to gain positive momentum - Analysis - 12-23-2024
The price of Ripple (XRPUSD) has fallen during its recent trading at the moment levels, amid the currency's attempts to gain positive momentum that may help it recover and rise again, amid the dominance of the main upward trend in the short term, and its trading above its simple moving average for the previous 50-day period, and in addition to the above, we notice the beginning of the emergence of a positive intersection with the relative strength indicators, after reaching areas of severe saturation with selling operations, in an exaggerated manner compared to the price movement, which suggests the beginning of the formation of positive divergence in it.
Therefore, our expectations suggest the return of the currency price to rise during its upcoming trading, to target again the important resistance level of $2.90550, as long as the support level of $1.89910 remains stable.
The expected direction for the upcoming trading: It is likely to rise $XRP
