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After reclaiming the $1-mark, this will help XRP climb up the charts
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While XRP managed to recover lost ground following the 14% plummet on 27 October, the alt was yet to assert itself above key price levels. The next few days would see XRP challenge some crucial near-term barriers, helped by a recovering MACD and RSI.
Should upwards pressure waver at these barriers, XRP’s foothold above the 38.2% Fibonacci level could help thin out selling pressure. At the time of writing, XRP traded at $1.08, up by 2% over the last 24 hours.
Source: XRP/USD, TradingView
XRP was left licking its wounds after a descending triangle breakdown dragged the price to a near one-month low at $0.96. However, a bullish response at the 50% Fibonacci level triggered an upwards run and saw XRP gain a footing above $1.07.
Now, a bullish RSI
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