$XRP
🚨 Technical Indicators Point to $3 Breakout Potential 🚨
Technically, XRP is approaching a strong resistance level of $2.21, which is the crossing point of its 50-day and 100-day exponential moving averages (EMAs). Breaking above this level could see it travel to $3—a level not seen since early March.
XRP price could hit the weekly 61.8% Fib level, targeting $3.20–$3.43 following the current bullish momentum.
The Relative Strength Index (RSI) has crossed 70 now, generally a bullish sign though sometimes it can also show overbuying. Then, the SuperTrend indicator shows that the resistance is intact and could mean there is still no strong confirmation required before going the entire distance along the uptrend.
If XRP is reversed at current resistance, the 200-day EMA of $1.99 can serve as a very important support level. Even a sharper correction could see a retest of the low of April at $1.62.