CandleFocus XRP Price Holds Strong, Aiming for More Upside Moves
2024-11-19
Author: Content Editor
The XRP price is currently consolidating its gains above the $1.050 support zone. It has formed a base above the $1.00 level and has outperformed Bitcoin and Ethereum by surpassing the $1.050 and $1.080 resistance levels. The price has climbed above the 50% Fib retracement level and even broke the $1.150 resistance level, although it faced resistance around $1.170. A key bullish trend line is forming with support at $1.100, and the price is trading above $1.080 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $1.1680 level, followed by the $1.200 level. If the price fails to clear the resistance zone, it may start a downside correction, with initial support at $1.100 and the trend line, followed by major support levels at $1.060 and $1.000. The MACD and RSI indicators suggest a bullish trend.
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