"XRP Technical Analysis: Bullish Reversal Pattern Emerges"
XRP's#USCryproReserve
price action has formed a bullish reversal pattern, indicating potential upside momentum. The Relative Strength Index (RSI) has broken above 50, suggesting a shift from bearish to bullish sentiment. The Moving Average Convergence Divergence (MACD) indicator has also crossed above the signal line, confirming the bullish reversal. Support levels at $0.30 and $0.35 have held, while resistance at $0.40 and $0.45 are within reach. A breakout above $0.45 could trigger a rally towards $0.60.
Key Levels:
- Support: $0.30, $0.35
- Resistance: $0.40, $0.45
- Target: $0.60