CandleFocus XRP Price Gains Speed: Could The Surge Reach $0.80?
2024-11-13
Author: Content Editor
The price of XRP has increased by over 10% and is currently trading above the $0.620 support zone. It recently tested the $0.740 level but is currently correcting its gains. Despite this correction, the price has remained supported above the $0.5850 level and has formed a base for a fresh increase. XRP has outperformed Bitcoin and Ethereum in the past two sessions, surpassing the $0.650 resistance level. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average, with a key bullish trend line forming at $0.6180. On the upside, resistance levels are expected at $0.700, $0.7080, and $0.7250, while major support levels lie at $0.6750 and $0.6250. Additionally, the MACD indicator is showing a loss in pace in the bullish zone, and the RSI is above the 50 level. If the price fails to clear the $0.7080 resistance, it could start to decline, with initial support at $0.6750 and major support near the $0.6250 level.
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