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Ripple has been in a tight consolidation range for the past 250 days. However, recent developments are raising hopes that its price could move. In particular, the break above the descending trendline and the $0.586 resistance level becoming support is noteworthy.
Currently, Ripple price is trading above $0.586, indicating the formation of a new range. The weekly Relative Strength Index (RSI) has rebounded after briefly falling below the 50 average level, indicating that buyers are still active in the market. Moreover, the Awesome Oscillator (AO) is hovering above the zero level, indicating that the bullish momentum may continue. #HotTopicDiscussion#