$XRP

🚨 XRP price sits at a key level 🚨

Because of its technicals, Ripple’s token will be in the spotlight this week. The chart below shows that the XRP price was trading at $2.17 on Sunday, a notable level for two reasons. First, it is along the 50-day Exponential Moving Average, which has provided substantial resistance in the past few months.

Second, the price is along the descending trendline connecting the highest levels since January 16. This trendline is the upper side of the descending triangle, whose lower side is at $1.9437.

A descending triangle is a popular bearish chart pattern. Therefore, the coin will need to rise above the slanted trendline and the 50-day moving average to invalidate the bearish outlook of the triangle.

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