XRP Showing Signs of Strength
XRP price continued to trade above its 200-day Exponential Moving Average at $1.98 last week, rallied over 8%, and closed above the daily resistance level at $2.23 on Sunday. At the time of writing on Monday, it hovers at around $2.24.
If XRP continues its upward trend, it will extend the rally to retest its March 24 high of $2.50 before potentially reaching $3.00.
The RSI on the daily chart reads 57, above its neutral level of 50, indicating bullish momentum.
On the other hand, if XRP fails to find support around the $2.23 level, it could extend the decline to retest its next support level at $1.96.
