Technical outlook: XRP flaunts bullish structure
XRP bulls are printing the second consecutive green candle on the daily chart, backed by steady interest in the token. Key technical indicators underpin the recovery and target a breakout above resistance tested at $2.33 in mid-June and $2.47 on May 23.
A buy signal from the Moving Average Convergence Divergence (MACD) indicator encourages traders to seek exposure. This signal manifests when the blue MACD line crosses above the red signal line. The green histogram bars above the zero line bolster bullish momentum.
