XRP coin price shows a long-coming resistance trendline keeping the uptrend in motion. Will the uptrend reach the $1 mark?

Key technical points:
<ul>
 	<li style="font-weight: 400">XRP prices have fallen 6.09% in the past 24 hours.</li>
 	<li style="font-weight: 400">In addition, the MACD indicator gives a bearish crossover.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Ripple is $2.956 Billion, marking a 67.76% rise.</li>
</ul>
<h2>Past Performance of XRP</h2>
XRP coin price action shows a phenomenal bullish recovery from the $0.60 support level in the earlier days of March. The recovery rally gains 45% within a week but faces rejection from the $0.85 mark. However, the long coming support trendline helps the uptrend sustain in an ascending triangle. 

<img src="https://s3.tradingview.com/snapshots/i/iSdDC8V4.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/iSdDC8V4/">Tradingview</a>
<h2>XRP Technical Analysis </h2>
XRP coin price action shows a retracement of 6.09% to the support trendline of the ascending triangle. However, the lower price rejection hints at a bullish reversal.

The crucial daily EMAs (50, 100, and 200-days) maintain a  bearish alignment with the 100 and 50-day EMA providing support and are on the verge of giving a bullish crossover.  

The DMI Indicator: The DI lines are on the verge of giving a bearish crossover, indicating a potential selling opportunity and threatening the triangle fallout. 

MACD Indicator: The MACD and signal lines give a bearish crossover in the daily chart and initiate a bearish trend in histograms.  

In a nutshell, the XRP technical analysis warns of a triangle fallout as the selling pressure increases.
<h2>Upcoming Trend </h2>
The <a href="https://www.cryptoknowmics.com/news/xrp-technical-analysis-breakout-rally-goes-against-200-day-ema/">XRP</a> coin price shows lower price rejection with a long-tail formation near the long coming support trendline. Furthermore, a bullish reversal might give a bullish triangle breakout to hit the psychological barrier at $1.

However, a fallout below the support trendline will result in a dip below the $0.75 mark to $0.65 m

Support Levels: $1.00 and $0.90

Resistance Levels: $1.20 and $1.35

XRP Technical Analysis: Can Buyers Transcend Ascending Triangle?

XRP coin price shows a long-coming resistance trendline keeping the uptrend in motion. Will the uptrend reach the $1 mark?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XRP Technical Analysis: Can Buyers Transcend Ascending Triangle?

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