XRP returning to the ascending channel after breaking upward timidly over the weekend.

XRP is giving us good movements in these last days, the week starts at $ 0.248 after a rise of more than 11% over the weekend. As can be seen in the following graph, the price tried to overcome the ascending channel where XRP is located since last January 25. Unfortunately, he couldn't keep up the momentum over $ 0.26 and quickly backed down to current levels.

A pivot point is currently serving as support, although it is not a key area within the canal, it can serve as a bounce area to finish breaking up and exceed the highs of the weekend. If not, looking for $ 0.241 would not be surprising, just in that area is the bottom of the canal and very close to the 50% average fibonacci level.

A long downward trend could come if the $ 0.24 is broken, if this happens we could see movements close to $ 0.23 or less. Hopefully this does not happen and we can see XRP reach significant resistance such as the one located at $ 0.26