CandleFocus

XRP Price Reclaims Momentum: Is a Bigger Rally Ahead?

The article discusses the recent price movement of XRP (cryptocurrency) against USD. XRP started an upward trend from the $2.320 zone and broke through resistance levels at $2.45 and $2.50. There was a break above a bearish trend line, and the price spiked above $2.550 before consolidating gains. The price is currently trading above $2.40 and the 100-hourly Simple Moving Average. The next resistance levels are at $2.525, $2.550, and $2.585. Further gains could push the price towards $2.720 or even $2.750. On the downside, if the price fails to clear the $2.525 resistance, it could start declining with support levels at $2.4550 and $2.420.

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