CandleFocus XRP Price Could Soon Surge: Can Bulls Fuel the Rally?
2024-09-23
Author: Content Editor
The XRP price is currently attempting to break above the $0.600 level, showing positive signs. A weekly close above $0.600 is needed for a potential surge in price. The price has cleared resistance levels at $0.580 and $0.5880 and has also broken a key bearish trend line. It is now trading above $0.5880 and the 100-hourly Simple Moving Average. The next major resistance levels to watch for are $0.5950, $0.600, and $0.6050. If the price fails to break the $0.600 resistance, it could start a decline with initial support at $0.5880, followed by $0.580. The technical indicators are showing bullish momentum, with the MACD in the bullish zone and the RSI above 50. Major support levels are at $0.5880 and $0.5720, while major resistance levels are at $0.5950 and $0.6050.
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