⭐ Is XRP Finally in the Uptrend?
XRP has shown investors that it is not the weakest asset on the market right now. The asset is currently in consolidation mode at around $0.48, but with the potential formation of a higher low, XRP might enter an uptrend.
On the daily chart we can see that XRP is consolidating slightly below important resistance levels, which are the 50 EMA, the 100 EMA and the 200 EMA. Prior to making a big move, this consolidation phase usually signifies that the asset is strengthening. With room to rise, the RSI (Relative Strength Index) at 42 indicates that XRP is neither overbought nor oversold.
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