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At the time of writing, XRP price is currently sitting at $0.34, slightly up since yesterday's analysis.
Once again, XRP is proving to be the coin with the most positive outlook compared to its bigger siblings. After getting rejected at the $0.37 resistance level, it retraced, BUT it managed to form a higher temporary support level at $0.32 instead of going down to $0.30. Simultaneously it also managed to go back above that dynamic uptrend it had previously formed.
On the upside, it looks like it's poised to breach $0.35 again, where we'd hope it can spend some time consolidation. After that, we'd look to see a retest of $0.37. That being said, there really isn't much wiggle room there. So with enough buying interest it could ignore consolidation at $0.35 and opt for $0.37 instead.
On the downside, however, we'd look at XRP to monitor if it dips below that dynamic uptrend and then if it can or can't hold the temporary $0.32 support. After that $0.30 and then $0.28.
On the daily chart for XRP, technical indicators give a bearish (but still improving!) outlook (13 sell, 9 neutral, 4 buy)
On the weekly chart for XRP, technical indicators give a slightly better and still improving but still bearish outlook (12 sell, 5 neutral, 5 buy)
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