XRP Technical Analysis: Breakout Rally Goes Against 200-day EMA

The XRP price outgrows the triangle pattern but struggles to surpass the 200-day EMA. Will the bears manage to revert the trend? Key technical points: XRP coin price gives a symmetrical triangle breakout The 200-day EMA provides a dynamic barrier The 24-hour trading volume of Ripple is $4.53 Million, marking a 106% rise. Past Performance of XRP XRP coin price offers an overnight growth of 10% resulting in the symmetrical triangle pattern breakout, as we forecasted in our previous article. However, the rally struggles to surpass the sellers at the 200-day EMA as the price action forms a long-tail candle. Nevertheless, with around 18 hours left on the clock, the hope of bullish recovery remains substantial. Source-Tradingview XRP Technical Analysis After the recent death cross, the 200-day EMA provides a second-time rejection to the bullish growth. However, the retracement may come as a retest and help regain the bullish trend momentum. The crucial EMAs maintain a bearish trend, but a potential post-retest reversal may help reverse the 50-day EMA and increase the chances of a golden crossover. RSI Indicator: The RSI slope finally ends the sideways movement at the halfway mark, as it spikes higher above into the nearly overbought zone. However, the RSI slope must sustain for a session to give a conceivable bullish signal. Stochastic RSI Indicator: The K and D lines continue the shivering rising trend and avoid a bearish crossover...