XRP Technical Analysis: Is It Worth To Hold XRP As It Reaches $0.70?

XRP coin price shows a boom in selling pressure as the downfall continues and prepares for the $0.70 breakout. Should you keep holding? Key technical points: XRP prices surpass the $275 mark. The 50 and 200-day EMA give a golden crossover. The 24-hour trading volume of Ripple is $1.99 Billion, marking a 12% rise. Past Performance of XRP The XRP coin price continues to move lower for the third day in a row. The coin price jumped almost 68% following a drop from the high of $1.01 reached in December. The increase allowed the token to surpass the $0.90 threshold. However, the Ripple price fell back to its lowest level at $0.62 at the end of February and is trading within a range between $0.70 to $0.90. Source-Tradingview XRP Technical Analysis XRP coin price is currently at the support level of $0.72. If it falls below $0.70, the weekly support could result in a breach into the trading band. After that, the price may fall to the horizontal support zone of $0.63 and then the lows at $0.58. The downfall starts at the 50-day EMA slope with a double top fallout while the crucial EMAs maintain a bearish alignment. RSI Indicator: The daily-RSI value fell below the 50% line and the 14-day average line. Hence, the falling trend in RSI approaches the oversold zone. MACD Indicator: The MACD and signal lines remain merged in the negative territory and prepare for a bearish divergence as the downfall gains momentum. In a nutshell, the XRP te...