CandleFocus

XRP Bulls Return—Will This Be the Breakout to $3?

XRP Bulls Return—Will This Be the Breakout to $3?
The price of XRP has experienced a 5% increase from its support level of $2.50 and is showing positive signs of further upward movement. It has surpassed resistance levels at $2.60 and $2.620, and there was a break above a key bearish trend line. The price is now trading above $2.650 and the 100-hourly Simple Moving Average. The next resistance levels are at $2.750, $2.820, and $2.880, with potential gains up to $3.00. However, if the price fails to clear the $2.750 resistance zone, it could decline towards support levels at $2.650 and $2.60. Technical indicators such as MACD and RSI suggest a bullish trend for XRP. The next major support sits near the $2.50 zone.

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