$XRP

🚨 XRP coin Price Breaks Out 🚨

The daily time frame XRP analysis shows that the price has increased since falling to a low of $1.61 on April 7 (green icon).

During the upward movement, XRP reclaimed the $2.05 horizontal resistance area and broke out from a descending wedge.

The wedge breakout was significant since the pattern had existed since the cycle high in December.

Therefore, its breakout is a sign that the correction is over. The next resistance is at $2.60.

Technical indicators support the breakout. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing.

The RSI is above 50 while the MACD is positive, both signs of a bullish trend.

Therefore, the daily time frame suggests the XRP price will continue increasing toward the next resistance at $2.60.

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