CandleFocus

XRP Market Update: Price Holds at $2.60 as Bulls Eye Breakout to $3

Author: Content Editor
XRP is currently trading at $2.62 with a market cap of $147 billion and a trading volume of $18.35 billion. The 1-hour chart shows a spike to $2.72, followed by a dip with significant trading action. Support is around $2.55 to $2.60, while resistance is at $2.70 to $2.72. The volume during the downturn suggests profit-taking and selling pushback. The 4-hour chart confirms the bullish leap to $2.72 but also shows a retreat. Support is at $2.45 to $2.50, and resistance is at $2.70 to $2.72. The daily chart shows a steady upward drive, with support at $2.40 to $2.50 and resistance at $2.90 to $2.91. The oscillators are giving mixed signals, with the moving averages indicating a bullish trend. If support holds and resistance is broken, a move towards $3 or higher is possible. However, if support breaks, bears could drive prices lower.

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