The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xrp-price-analysis-ripple-aims-for-0-55-break-to-cross-0-70/">XRP Price Analysis: Ripple Aims For $0.55 Break To Cross $0.70!&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the falling channel breakout, the XRP price has struggled to overcome the supply inflow at the 200-day EMA. Taking a step backward to retest the channel breakout, the Ripple coin price finds the post-retest momentum. 
Rising sharply 2.28% on Thursday, followed by the sharp increase on Friday to reach $0.549 before closing at $0.5217. The XRP coin price gives a bullish closing of 2.35% to rise above the 200-day EMA.&nbsp; 
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 <img decoding="async" width="1024" height="487" src="https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-1024x487.png" alt="" class="wp-image-233895" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-1024x487.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-768x365.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-1536x730.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/30115049/XRPUSD_2023-09-30_11-50-40.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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In the one-day chart, the XRP price shows a sharp reversal from the broken trendline to reach the overhead resistance. However, the partially successful breakout attempt leads to a long wick candle and fails to exceed the $0.54 resistance zone.&nbsp; 
Nevertheless, the two consecutive bullish candles undermine the previous bearish trend and improve the overall sentiment. Currently, the XRP price trades at $0.5162 with an intraday fall of 1.05%, reflecting a minor pullback as bears get active at the EMA.&nbsp; 
The ongoing brawl between the bulls and bears at the 200-day EMA will determine the future price trend of XRP. Therefore, the price movement on the weekend will be critical for the Ripple coin price and determine the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">Ripple price prediction</a> ahead.&nbsp; 
Technical Indicators: 
MACD indicator: Avoiding bearish crossover on multiple events in the falling channel, the MACD and signal lines resurface once again. The uptrend continues, and the bullish histograms rise to indicate a bullish trend in motion.&nbsp; 
RSI indicator: The daily RSI line sustains above the halfway line but keeps a sideways trend due to the higher price rejection. 
<h2 class="wp-block-heading" id="h-will-xrp-price-cross-above-0-55">Will XRP Price Cross Above $0.55?</h2> 
As the supply influx at the overhead ceiling intensifies, the XRP price trend struggles to maintain the positive trend. With the recent candle failing to give the $0.55 breakout, the struggle for trend breakout continues.&nbsp; 
The unleashed trend momentum will fuel a new rally if the Ripple price manages to close above the $0.55 mark. With this breakout, the altcoin may recover lost levels like $0.60 and $0.70 in a few weeks.&nbsp; 
On the flip side, a failure to sustain above the 200-day EMA will retest the $0.50 mark.&nbsp;

XRP Price Analysis: Ripple Aims For $0.55 Break To Cross $0.70!

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