Ripple has broken through a long-term ascending support line that has existed for 440 days. However, XRP is currently in a corrective model and is trying to turn around.

Ripple trades are under resistance.

Over the past 440 days, the Ripple price has been rising along the ascending support line, reaching its peak in July 2023 at $0.94.

However, after several unsuccessful rebound attempts, the XRP price eventually broke through the ascending support line in January 2024. At that time, her age was 440 days. This breakout also coincided with a drop below an important horizontal support area.

The weekly Relative Strength Index (RSI) gave a bearish signal, dropping below the 50 level, indicating a downtrend.

Cryptocurrency traders and analysts view Ripple's prospects positively. It is predicted that the price of XRP could reach levels from $10 to $50.

The daily timeframe also shows mixed results, with the coin trading inside a descending parallel channel. The upward movement began after the price rebounded from the support line of the channel. However, a further bullish reversal requires confirmation by the rise of the RSI above the 50 mark and overcoming the horizontal resistance zone at $ 0.55.