CandleFocus XRP Price Battles Resistance Around $0.60: Will the Struggle End?
2024-09-20
Author: Content Editor
The XRP price is attempting to break above the resistance levels at $0.5920 and $0.6000. If successful, this could lead to bullish momentum. The price had previously cleared the resistance levels at $0.5800 and $0.5850, reaching a high of $0.5941 before experiencing a downside correction. It is currently trading above the support level at $0.5780 and the 100-hourly Simple Moving Average. The next major resistance levels are at $0.5920, $0.6000, and potentially $0.6160, $0.6250, and $0.6350. On the other hand, if the price fails to clear the resistance and breaks below the support level at $0.5740, it could continue to decline towards $0.5650, with the next major support at $0.5600. The technical indicators, such as the MACD and RSI, suggest a loss of bullish momentum in the short term.
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