XRP Price Stuck In A Tight Cage—Breakout Pressure Keeps Building
XRP price started a recovery wave above $1.3620 and $1.3650. The price is now consolidating and might aim for a fresh move if it clears $1.3840. XRP price started a recovery wave above the $1.3640 zone. The price is now trading below $1.3820 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3840. XRP Price Eyes Fresh Gains XRP price remained supported above $1.350 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3580 and $1.3620 to enter a short-term positive zone. However, the price is still below $1.3850 and the 23.6% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. There is also a contracting triangle forming with resistance at $1.380 on the hourly chart of the XRP/USD pair. The price is now trading below $1.3750