If Ripple (XRP) manages to overcome the resistance at $0.62, one can expect the advance to $0.65, but otherwise it can roll back up to $0.58.
The main resistance levels are $0.75, $0.70, $0.65, support – $0.45, $0.50, $0.55.
Yesterday, Ripple managed to break through the resistance at $0.60, after which the resistance of the downward trend line was broken, which signals a significant weakening of the bear’s position. If the course overcomes the obstacle at $0.62, you can expect the XRP rate to rise to $0.65. At the time of writing, the Crypto currency is traded at a price of $0.61. It helps in this case also that the moving average for 20 days went up with a neutral slope of the longer-term moving average, for 50 days.
During the week, trading was conducted in the range between $0.65 and $0.55, the Ripple rate then rose above $0.60, then fell back. However, now there is a good reserve for the rise to $0.65 (subject to overcoming the resistance at $0.62). However, Ripple’s upward movement may run into an obstacle, as the relative strength index (RSI) is on the overbought territory.
The daily chart shows that the movement of the Ripple rate is in the range from $0.61 to $0.58. In any case, if the fluctuations take place for a considerable time within a limited space, the breakthrough becomes more and more probable, and ultimately inevitable. The only question is which side.