CandleFocus

XRP Price Eyes $1.25 and Beyond: Can the Rally Continue?

Author: Content Editor
The XRP price has experienced a significant increase, rising over 25% and surpassing the $1.00 support level. If it is able to clear the $1.1380 resistance zone, there is potential for further acceleration. The price has formed a base above $0.700 and saw a strong surge above $0.8800, outperforming both Bitcoin and Ethereum with a 50% increase. Although the price briefly dipped below $1.150 and tested the $1.00 support, it has since begun to rise again. The price has broken above the 100-hourly Simple Moving Average and is now trading above $1.050. In terms of resistance, the price may face obstacles near the $1.1380, $1.200, $1.250, and $1.320 levels, with potential further gains pushing the price toward $1.3850, $1.40, and even $1.50. Conversely, failure to clear the $1.1380 resistance may lead to a downside correction, with support at $1.050 and $1.00. If the price breaks below $1.00, it could decline toward the $0.9320 and $0.880 levels. The technical indicators, including the MACD and RSI, suggest a bullish trend.

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