CandleFocus

XRP Price Gains 6%, Eyes $0.60 Target for Next Week

The XRP token has experienced a 6% surge in price over the past week due to market optimism following the re-election of former U.S. President Donald Trump. The pro-business and market-friendly stance of Trump could benefit the crypto sector, with XRP emerging as a beneficiary. Bullish sentiment may drive XRP higher, with a potential price target of $0.60 for the upcoming week. The token experienced a brief dip but quickly recovered and is now trading near its previous resistance level. Technical indicators suggest a bullish outlook for XRP, with room for growth and buying demand overpowering selling pressure. The altcoin must close above the critical $0.56 resistance level to solidify the upward trend and reach the $0.60 milestone. However, if key support levels are not held, the token may struggle and retreat to lower levels before rallying again.

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