Ripple (XRP) prices continue to showcase an upward trend, finding support at the $3 level. Analysis suggests a potential rally towards the resistance at $3.6.
Uptrend Continues
Since buyers returned at the $3 support, XRP has shown a sustained uptrend, reaching close to $3.3. Currently, momentum is building, giving the cryptocurrency a chance to return to the resistance and all-time high of $3.6 this month.
Bullish Momentum Building Up
If XRP manages to move above $3.3, buyers will have full control over the price action with a clear target at $3.6. Current momentum indicators such as MACD and RSI are both making higher highs which supports a sustained uptrend in the future.
MACD Bullish Cross
Another clear signal that XRP wants to go higher can be seen on the daily MACD where the moving averages are about to make a bullish cross. If confirmed, the price will have a clear path higher until sellers return which is most likely to happen around $3.6.
The analysis of current market trends indicates that Ripple (XRP) has growth potential upon breaking key levels. Stability at the support level may facilitate a recovery towards the nearest resistance.
