XRP has slipped the leash that has restrained it since the mid-January peak at $3.40, with the latest weekly candle closing a fraction above the descending trend-line that has defined the upper boundary of its six month trendline. At press time the token is quoting $2.22 on major spot venues, having tagged an intraday high of $2.31 a few hours after the weekly open.
XRP Flashes Triple Breakout
The technical alignment behind today’s move is unusually tight. The price itself has edged through trend-line resistance traced from the 16 January swing high, but the same behaviour is evident beneath the surface.
On the momentum pane the weekly relative-strength index, muted since late March, has poked above its own falling resistance line at 54, ending a sequence of lower RSI highs that mirrored each failed rally in price. A similar story is unfolding on the WaveTrend Oscillator: the fast and slow signal lines have curled upward and printed a tentative positive cross just below
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