CandleFocus XRP Price Meets Range Resistance: Can It Power Higher?
2024-10-15
Author: Content Editor
The XRP price has been moving higher and recently tested the $0.5550 resistance level. However, it is struggling to continue its upward momentum. The price is now correcting its gains and has dipped below the $0.550 level. It is currently trading above $0.540 and the 100-hourly Simple Moving Average, with a key bullish trend line forming at $0.5400. On the upside, the price may face resistance at $0.5540 and $0.5550, with the next major resistance levels at $0.5650 and $0.5800. If the price fails to clear the $0.5550 resistance, it could start another decline. Initial support levels are at $0.5440 and $0.5400, with the next major support near $0.5320.
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