CandleFocus XRP Price Prediction for October 11
2024-10-11
Author: Content Editor
The cryptocurrency market is showing signs of recovery, with most coins returning to the green zone. However, XRP has experienced a slight decline in price over the past 24 hours. On the hourly chart, XRP is closer to a local resistance level than a support level, indicating the potential for a breakout and move to the $0.55 range if buyer pressure continues. Traders should also monitor the $0.5445 level on a larger time frame, as a daily candle closing above it could lead to a move to the $0.56-$0.57 zone. However, from a midterm perspective, XRP is still struggling and may see a drop to the $0.48-$0.49 range if the weekly bar closes near the $0.5026 support level by the end of the month. Currently, XRP is trading at $0.537.
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