The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/xrp-price-analysis-bulls-eye-0-70-as-bears-look-to-pullback/">XRP Price Analysis:&nbsp;Bulls Eye $0.70 as Bears Look to Pullback!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the sharp correction to $0.4590 with a resistance trendline formation, the XRP price action displays a bullish recovery. The recovery rally prolongs the overall uptrend seen in Ripple prices in 2023.&nbsp; 
With a 58% year-to-date growth, the uptrend continuation strengthens again even after losing the partial victory gains against the SEC. Moreover, the market-wide <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">Ripple price prediction </a>improves with buyers reclaiming the psychological mark of $0.50.&nbsp; 
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In the 4-hour chart, the XRP price action displays a trend reversal with the 200 EMA breakout. Moreover, the price action showcases an inverted head and shoulder breakout, formed diagonally with the neckline as the overhead resistance trendline.&nbsp; 
Despite the trendline breakout, the Ripple breakout rally faces opposition from the $0.54 supply zone, leading to multiple reversals. The breakout and post-retest rallies both fail to surpass the excessive supply.&nbsp; 
Moreover, the rejections warn of a double top pattern forming, which may lead the XRP price back into a bearish trend. Additionally, the reversal threatens the possibility of a golden crossover in the 4-hour chart.&nbsp; 
Technical Indicators: 
DMI indicator: The uptick in the ADX line (black) reflects a rise in the trend momentum in XRP price. Additionally, the DI lines maintain a positive alignment, reflecting a bullish trend in motion.&nbsp; 
Exponential moving averages: The rising 50 and 200 EMA in the 4-hour chart project a high possibility of a golden crossover.&nbsp; 
<h2 class="wp-block-heading" id="h-will-xrp-price-cross-above-0-55">Will XRP Price Cross Above $0.55?</h2> 
With the bullish attempts struggling to surpass the $0.54 supply zone, the XRP price action hints at a sideways trend before the breakout. As the broken trendline becomes a level of support, the downtrend continuation chances for Ripple are minimal.&nbsp; 
Considering the Ripple prices break above the $0.54 zone with the market-wide recovery, the altcoin prices will skyrocket. The breakout rally is expected to test the $0.70 mark and end 2023 above $1.&nbsp;

XRP Price Analysis: Bulls Eye $0.70 as Bears Look to Pullback!

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