CandleFocus XRP Price Holds Steady: What’s Next After Consolidation?
2024-12-16
Author: Content Editor
The XRP price is currently undergoing a downside correction after reaching a high of $2.53. The price is now consolidating and trading below the 50% Fib retracement level. However, it is still trading above the $2.350 support level and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2.380. On the upside, the price may face resistance at the $2.465 and $2.50 levels, with the next resistance at $2.550. If the price fails to clear the resistance zone, it could start another decline and find support at $2.380 and $2.350.
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