CandleFocus XRP $0.55 Denied Brutally: 3 Levels to Watch Next
2024-09-11
Author: Content Editor
The XRP cryptocurrency has encountered strong resistance at the $0.55 price level and has retreated towards the bottom edge of an ascending trendline. The decrease in trading volume suggests that there is not enough purchasing power to push XRP higher in the near future. The key support levels to watch are $0.53, $0.50, and the lower limit of the ascending trendline at $0.48. Unless there is a major increase in trading activity, XRP is unlikely to see a significant bullish move soon. The price may need to consolidate before attempting to break above the $0.55 resistance again.
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