According to Coingabbar Price Analysis, Looking at the chart, the XRP price has been consolidating between the $0.6 and $0.7 levels over the last few weeks.
The relatively flat 20-and-50-day EMA signals short-term sideways movement.
A triangle pattern has formed, and the price has yet to break out on either side.
In the daily temperature chart, XRP shows the formation of a symmetrical triangle pattern.
XRP encounters a minor setback near the $0.63 resistance, marked by an evening star candle pattern.
The demand pressure at the lower trendline is expected to bring the XRP price back on the recovery track.
The $0.6 support level enforces the lower boundary of the pattern. The 200-day moving average is trending nearby, adding to the support.
Hence, the likelihood of a price surge breaking the pattern and rallying towards $0.7 and beyond is high.
KEY LEVELS :
RESISTANCE LEVEL : $0.6400-$0.6700
SUPPORT LEVEL : $0.6000-$0.5700
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