$XRP
🚨XRP could rally toward record high if it closes above $3.40 resistance🚨
XRP price found support around the 50-day EMA at $2.84 on Sunday and recovered nearly 11% by Monday. This 50-day EMA roughly coincides with the daily level at $2.72 and the 50% Fibonacci level at $2.78, making it a key support zone. XRP continued its recovery mid-week, reaching a high of $3.33 on Thursday. At the time of writing on Friday, it continues its rally, approaching its key resistance at $3.40.
If XRP closes above the $3.40 resistance, it could fuel the rally toward record highs at $3.66.
The RSI on the daily chart reads 62, above its neutral level of 50 and pointing upward, indicating strong bullish momentum. Like BTC and ETH, Ripple’s MACD is also indicating a fading bearish momentum.
Conversely, if XRP fails to close above the $3.40 resistance and faces a correction, it could extend the pullback toward its 50-day EMA at $2.84.