$XRP
🚨 XRP price technical analysis: towards a 60% jump 🚨
The daily chart shows that XRP has rebounded after reaching a low of $1.6112 on April 7. It has since bounced 35% from its lowest point this year.
It has now moved above the 25-day moving average, a sign that bullish momentum is building. The price has also broken above the descending trendline that connects the highest swing points since January 16. This line also marks the upper boundary of a falling wedge pattern.
The Relative Strength Index has crossed above the neutral level at 50. As a result, the token may continue to rise, with bulls targeting the year-to-date high of $3.40, approximately 60% above the current level. This bullish view will be confirmed if the price moves above resistance at $2.7045, the 23.6% Fibonacci retracement level.
