CandleFocus XRP Price Eyes Breakout: Will It Recover Lost Ground?
2024-10-07
Author: Content Editor
The XRP price is currently consolidating above the $0.5080 support level, but it may gain momentum if it surpasses the $0.5450 resistance zone. The price has recently declined below the $0.5250 support zone but is now trading above $0.5250 and the 100-hourly Simple Moving Average. The key resistance levels to watch are $0.5450, $0.5500, and $0.5650. If the price fails to clear the $0.5450 resistance, it could experience another decline with support levels at $0.5300 and $0.5250. Technical indicators show bullish momentum with the MACD in the bullish zone and the RSI above the 50 level.
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