XRP Technical Analysis: Can Buyers Transcend Ascending Triangle?

XRP coin price shows a long-coming resistance trendline keeping the uptrend in motion. Will the uptrend reach the $1 mark? Key technical points: XRP prices have fallen 6.09% in the past 24 hours. In addition, the MACD indicator gives a bearish crossover. Finally, the 24-hour trading volume of Ripple is $2.956 Billion, marking a 67.76% rise. Past Performance of XRP XRP coin price action shows a phenomenal bullish recovery from the $0.60 support level in the earlier days of March. The recovery rally gains 45% within a week but faces rejection from the $0.85 mark. However, the long coming support trendline helps the uptrend sustain in an ascending triangle. Source-Tradingview XRP Technical Analysis XRP coin price action shows a retracement of 6.09% to the support trendline of the ascending triangle. However, the lower price rejection hints at a bullish reversal. The crucial daily EMAs (50, 100, and 200-days) maintain a bearish alignment with the 100 and 50-day EMA providing support and are on the verge of giving a bullish crossover. The DMI Indicator: The DI lines are on the verge of giving a bearish crossover, indicating a potential selling opportunity and threatening the triangle fallout. MACD Indicator: The MACD and signal lines give a bearish crossover in the daily chart and initiate a bearish trend in histograms. In a nutshell, the XRP technical analysis warns of a triangle fallout as the selling pressure increases. Upcoming...