XRP Price Prediction: Breakout Puts $1.80 Back In Play

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.XRP just snapped its descending trendline and reclaimed $1.50 with RSI at 67. Here is what the daily chart says about the road to $1.80 and above.$XRP spent three weeks getting rejected by the same falling line. Today it stopped asking politely. The daily candle opened at $1.5361, ran to $1.5955 and is holding $1.5699 at the time of writing, up 2.20% on the session. More importantly, it did that by closing above the descending trendline that has capped every rally attempt since the late August spike to $1.70.XRP chart in USDWhy Did The XRP Price Break Out Today?Three things lined up on the daily.The descending trendline drawn from the August high finally gave way. Price had been compressing against it since early September, with each rejection landing a little higher. That is textbook coiling, and coils resolve.The $1.50 level flipped. It acted as resistance through the entire September range, capping the mid-month push. XRP is now trading above it with room to spare, which turn...