The price of XRP continues to trade above the 200-day EMA at $1.98 last week, rising more than 8% and closing above the daily resistance level at $2.23 on Sunday. As of Monday afternoon, XRP is fluctuating steadily around $2.24.
If the current upward trend continues, XRP could extend its recovery, aiming to test the peak from March 24 at $2.50 before moving further towards the important psychological level of $3.00.
The RSI indicator on the daily timeframe is currently at 57, above the neutral threshold of 50, further reinforcing the signal of the strength of the upward trend.
However, if XRP loses support at $2.23, selling pressure may increase, pulling the price back down to the next support area near $1.96.
