CandleFocus XRP Price Range-Bound: Can It Break Out or Stay Stuck?
2024-10-14
Author: Content Editor
The XRP price has found support at $0.5250 and is showing signs of a bullish momentum. It has broken above key resistance levels and is currently trading above $0.5350 and the 100-hourly Simple Moving Average. The price might face resistance at $0.5390 and $0.5400, but if it manages to clear these levels, it could move towards $0.5450 and potentially even $0.5500. On the downside, there is support at $0.5340 and $0.5280, and a break below $0.5280 could lead to a decline towards $0.5250. The technical indicators suggest that the momentum is currently in favor of the bulls.
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