<em><strong>The XRP Technical Analysis shows a post-retest reversal from $0.45  with a morning star pattern ready to reclaim the $0.50 threshold.</strong></em>

The XRP price action shows a morning star pattern crossing the border 200-Day EMA and helps the market price prevail in an uptrend.  However, the uptrend might face opposition from the psychological mark of $0.50, leading to a double-top pattern. So, should you wait for the $0.50 breakout or consider taking a bullish entry at lower levels?
<h3>Key Points:</h3>
<ul>
 	<li>The <a href="https://www.cryptoknowmics.com/news/cftc-commissioner-visits-ripple-offices-as-sec-case-judgement-approaches/" target="_blank" rel="noopener">Ripple</a> price action shows a bull cycle beating the 200-day EMA.</li>
 	<li>The bullish rally approaches the $0.50 mark.</li>
 	<li>The intraday trading volume in Ripple is $3.918 billion.</li>
</ul>
<img src="https://s3.tradingview.com/snapshots/k/kK4oljsa.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/kK4oljsa/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>XRP Technical Analysis</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/xrp-technical-analysis-is-ripple-rising-above-1-this-year" target="_blank" rel="noopener">previous analysis</a>, the XRP price action maintains an uptrend as it reverses from the $0.42 support level offering a reversal entry opportunity. Additionally, it displays a morning star pattern forming at $0.42, adding points to the reversal theory.

The spike in the trading volume supports the morning star pattern and increases the uptrend likelihood. Currently, the Ripple price beats the 200-day EMA and challenges the overhead resistance of $0.50 along with the resistance zone. Therefore, the XRP price action analysis offers a buying opportunity once the market value rises above the $0.50 mark.

If the bullish rally upholds to close above the $0.50 mark, sideline traders can anticipate another buying opportunity. The upcoming resistance levels for the ongoing bull run after the $0.50 mark at $0.60 and $0.69. Short-term traders can find these levels lucrative to book profits.

Conversely, if the bear wins in the power struggle, the XRP price will rain down to the bottom support at $0.42.
<h2>Technical Indicators</h2>
The notable reversal in the RSI slope in the nearly overbought boundary resurfaces above the 14-day SMA, reflecting a surge in bullish sentiments. Moreover, the bullish gap between the MACD and single lines restarts to grow, reflecting an increase in buying pressure to avoid a bearish crossover.

Resistance Levels- $0.50 and $0.69

Support Levels - $0.40 and $0.30

XRP Technical Analysis: Ripple Prevails Uptrend, Soon To Cross $0.50

The XRP technical analysis shows a post-retest reversal from $0.45  with a morning star pattern ready to reclaim the $0.50 threshold.

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: Ripple Prevails Uptrend, Soon To Cross $0.50

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