CandleFocus

XRP Price Gears Up: Is a Fresh Rally on the Horizon?

Author: Content Editor
The XRP price has surged above the $2.50 level, outperforming Bitcoin and Ethereum. It gained over 10% and reached a high of $2.5979. Although there was a minor dip below the $2.55 level, the price is still trading above $2.450 and the 100-hourly Simple Moving Average. If the price continues to rise, it may face resistance at the $2.550 level and the next major resistance is at $2.60, followed by $2.65 and $2.735. However, if the $2.550 resistance is not cleared, there may be a decline towards the $2.4850 and $2.420 support levels. The MACD indicator is showing a loss of pace in the bullish zone, while the RSI is above the 50 level.

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