#RippleLabs $XRP has been trading inside a symmetrical triangle pattern, indicating a balance between supply and demand.
The flattish 20-day EMA ($2.29) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks and closes above the resistance line, it will signal that the bulls have overpowered the bears. That may start a rally to $2.73 and later to $2.91.
Conversely, a break and close below the support line will suggest that the XRP/USDT pair may have topped out in the near term. The pair may then tumble to $1.62.
#NotAnAdvice #POV #PriceActionAnalysis
This Is Not An Investment Advise
