- Technical Outlook: XRP Recovery Falters Amid Mixed Signals:

The price of XRP is holding above its Monday low of $1.98 at the time of writing this report on Thursday. The cross-border remittance token also remains below the downward-sloping 50-day (EMA) at $2.31, the 100-day EMA at $2.47, and the 200-day EMA at $2.49, indicating a bearish trend.

The Relative Strength Index (RSI) is still at 46 in the bearish zone on the daily chart, with bullish momentum fluctuating. If the RSI drops further toward the oversold area, it would indicate increasing bearish momentum.

XRP/USDT Daily Chart

However, the Moving Average Convergence Divergence (MACD) on the same chart has maintained a buy signal since November 25. XRP could potentially restore its bullish outlook if the blue MACD line remains above the red signal line while the green histogram bars expand.

To invalidate the bearish thesis, the 50-day EMA at $2.31 must turn into support, while a breakout above the descending trendline may boost the possibility of an XRP recovery toward $3.00.
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