XRP Shows Potential for Continued Gains After Breaking Descending Channel With RSI Near 58
2025-07-18 03:23:18
Main Idea
XRP shows strong momentum with a 34% breakout from a descending channel, testing resistance at $2.96 while maintaining firm support at $2.85, supported by healthy technical indicators.
Key Points
1. XRP broke out of a descending channel, leading to a 34% price surge, reaching near $2.95.
2. Key support at $2.85 remains firm, while resistance near $2.96 is being tested.
3. The Relative Strength Index (RSI) is at 58.41, indicating healthy momentum without overextension.
4. The Moving Average Convergence Divergence (MACD) shows a bullish configuration, confirming sustained buying pressure.
5. Traders should monitor XRP's behavior around the $2.96 resistance level for potential price trajectory insights.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! XRP has surged
Latest News
- Ethereum Market Cap Surges Past $437 Billion, Outranking Costco in Global Asset Value2025-07-18 11:40:44
- Ripple Warned Against Deepfake XRP Airdrop Scam Amid Price Surge and Legal Victory2025-07-18 11:40:08
- Binance Wallet to Host Exclusive ZKWASM Token Generation Event, Participation May Require Alpha Points2025-07-18 11:22:55
- XRP Shows Strong Breakout Above $2.72, Long-Term Target Near $6.90 Suggests Cautious Optimism2025-07-18 11:21:58
- Dogecoin Surges Amid Meme Coin Rally, Potential to Maintain Uptrend if Support Holds2025-07-18 11:05:17