CandleFocus As Bitcoin Climbs, Can XRP Price Catch The Wave?
2024-10-21
Author: Content Editor
The XRP price has remained stable above the $0.5350 support zone but has struggled to gain bullish momentum like Bitcoin and Ethereum. The price has made a minor upward move, climbing above the $0.5420 resistance and breaking a connecting bearish trend line. However, it is currently facing resistance near the $0.550 level and the 50% Fib retracement level. The first major resistance is at $0.5550, with the potential for further resistance at $0.5650 and $0.5800. On the downside, initial support is at $0.540, followed by the $0.5380 and $0.5320 levels. Technical indicators show the MACD losing pace in the bullish zone, while the RSI is above 50.
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