CandleFocus XRP Price Nearing Breakout: Can It Finally Push Higher?
2024-10-16
Author: Content Editor
The price of XRP is currently on the rise and is trading above the $0.5400 level. In order to see a larger increase, it needs to settle above the $0.5550 resistance. The price recently experienced a downside correction but found support at $0.5320. It has since climbed above the $0.5400 resistance and the 100-hourly Simple Moving Average. There is a key bullish trend line forming at $0.5395. On the upside, the price may face resistance near the $0.5460 and $0.5500 levels. If it fails to break through these levels, it could start a decline with initial support at $0.5400 and the trend line. The next major support levels are at $0.5320 and $0.5210. Technical indicators show that XRP/USD is gaining momentum in the bullish zone with the MACD and RSI above key levels.
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