XRP/USD technical analysis. Breakout is likely to happen soon.

• XRP price still cannot establish new highs well above $0.26500.
• 1 Day MACD indicator is suggesting potential uptrend in the future.
• The current support is $0.25650, Closest resistance is $0.26500

1 Hour XRP/USD price chart

XRP price is still looking to break above that crucial resistance level of $0.26500. The resistance was tested several times with immediate retracement back into the consolidation zone. Bears may still try to push the price below the price of $0.25650 although it remains to be seen if there will be a sharp drop in demand for that to happen. If we look at the MACD indicator on a 1 day XRP/USD chart it has been in the “green” since August 22nd, suggesting that XRP is oversold at the moment. It can be a potential signal of a future uptrend.

1 Day MACD indicator on XRP/USD price chart

Chart source: Tradingview

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