Summary
TLDR: XRP price faced bearish rejection at $0.65 golden ratio resistance, signaling a challenging period ahead. Golden crossover in daily and 4H chart signals short-term bullish trend, but resistance at $0.608 and $0.65 hindering progress. Weekly chart shows bullish indicators, while monthly chart leans towards bullishness but still awaits definitive bullish trend reversal. XRP price remains bearish against Bitcoin, with next support level at 0.0000062 BTC.
Key Points
1. The XRP price encountered resistance at the golden ratio level of around $0.65, signaling a challenging period ahead for Ripple’s price trajectory.
2. A golden crossover has emerged in the daily chart, indicating a bullish trend in the short to medium term despite the bearish MACD histogram trend.
3. XRP may retreat to find support near the golden ratio at $0.55 unless it successfully clears the golden ratio resistance at $0.65, leading towards significant Fibonacci resistance levels.