XRP ANALYSIS (EXTENSIVE)

Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).

the major support line (0.78% Fibonacci retracement level is the $0.5546

on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35

for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
Ascending TriangleDescending TriangleFibonacciFibonacci RetracementsmaSupport and ResistancesupportandresitanceTrianglexrpXRPUSDT

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