XRP Price Prediction: Within a fortnight, the XRP price witnessed an aggressive rally and reached a ten-month high of $0.58. However, the buyers could not sustain at a higher level and plunged immediately below the $0.55 monthly resistance. Moreover, the long-wick rejection attached to the daily candle indicates the sellers are active at this level and could force a temporary pullback.
Key Points:
A potential correction in XRP price will replenish the exhausted bullish momentum.
A golden crossover between the 50-and-200-day EMA is a strong buy that could encourage more buyers in the market.
The intraday trading volume in the XRP is $2.02 Billion, indicating a 36% gain.
Source- Tradingview
Amid the recent recovery, the XRP coin price tried to breach the $0.55 neckline resistance of the double bottom pattern. This bullish pattern is often spotted at market bottoms and indicates that the buyers are aggressively accumulating at lower levels.
However, the $0.55 breakout attempt on March 29t
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