$XRP Prepare for Breakout $2.00 Amid Steady Weekly Fund Inflows
XRP is trading above short-term support at $1.90 at the time of this news being written on Monday. The Relative Strength Index (RSI) has stabilized at 42 on the daily chart, indicating that sideways trading may continue.
However, this token is also below the 50-day Exponential Moving Average (EMA) at $2.13, the 100-day EMA at $2.31, and the 200-day EMA at $2.41, highlighting a bearish outlook.
Daily Chart of XRP/USDT
Nevertheless, the Moving Average Convergence Divergence (MACD) indicator has confirmed a buy signal on the same chart, marked by the blue MACD line crossing above the red signal line.
Traders will consider increasing exposure if the green histogram bars grow above the average line while the indicator generally rises into bullish territory. However, failure to break above $2.00 and the 50-day EMA may limit the rebound and could increase the likelihood of a reversal towards support at $1.77, tested on Friday, and the April low at $1.61.
