The article discusses the recent developments and price movements of XRP. It mentions that XRP has faced resistance at a trendline multiple times but has recently seen increased attention and demand due to Grayscale's fund launch and its relisting on Robinhood. The article highlights the bearish reversal from the trendline, with the XRP price hanging close to $0.5728 and experiencing a 4.38% price fall. It notes that the 50-day EMA supports the price, and the EMAs 50, 100, and 200 are on the verge of gaining bullish alignment. The bullish crossover in the MACD and signal lines also supports a positive trend. The article mentions the anticipation of a recovery rally in XRP prices with its relisting on Robinhood but states that the recent news of Grayscale's XRP-focused investment fund failed to boost prices above the trendline. It notes that XRP is currently within a triangle formation and provides price targets based on Fibonacci retracement levels, with an upside target of $0.65821 and a downside support at $0.49128. The article concludes by mentioning the importance of the 200-day EMA support at $0.5490.



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