The XRP price shows a sudden halt in the downtrend at the $0.63 support level. Will this restart the bull run?

Key technical points:
<ul>
 	<li>The RSI values turnaround from the oversold boundary.</li>
 	<li>The crucial daily EMAs achieve a bearish alignment.</li>
 	<li>The 24-hour trading volume of Ripple is $866.2 Million, marking a 23.6% loss. </li>
</ul>
<h2>Past Performance of XRP</h2>
The falling trend of the XRP prices starting from the rejection faced at $0.90 generates a highly influential bearish trendline. Furthermore, the downtrend breaks under all the crucial EMAs and finds support at the $0.63 support level, accounting for a downfall of 30%. 

<img class="alignnone" src="https://s3.tradingview.com/snapshots/f/fqfZI8yf.png" alt="XRP/USDT Chart" width="1941" height="1105" />Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/fqfZI8yf/" target="_blank" rel="noopener">Tradingview</a>
<h2>XRP Technical Analysis </h2>
Under the bearish trendline influence, the XRP coin price falls lower, but the bullish breather at $0.63 teases a potential reversal. Hence, the most likely possibility is a bull run to test the resistance trendline.

The 200-day EMA following a sideways path suggests a range-bound rally. However, the declining 20-and-50-day EMA reflects a correction phase in the short term.

MACD Indicator: The increasing gap between the downsloping fast and slow lines indicates aggressive selling in the market. 

RSI Indicator: Amid the recent sell-off, the RSI slope barely escaped from entering the oversold region. However, concerning the last two swing lows, the slight RSI divergence shows weakness in the bearish momentum.

In a nutshell, the XRP technical analysis forecasts a possible reversal opportunity as the price gains bullish momentum at a crucial support level.
<h2>Upcoming Trend </h2>
If the XRP price rebounds from the $0.63 support, the buyers will drive the altcoin back to the resistance trendline close to the $0.75 physiological level. However, a bullish breakout from the resistance trendline will ignite a genuine recovery rally to $0.90.

Resistance Levels: $1 and $1.2

Support Levels: $0.77 and $0.7

XRP Technical Analysis: Falling XRP Prices Hinge at $0.65

The Riiple(XRP) price action shows a sudden halt in the downtrend at the $0.63 support level. Will this restart the bull run?

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: Falling XRP Prices Hinge at $0.65

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