CandleFocus XRP Price Restarts Climb: Will Bulls Push It Past $0.60?
2024-09-17
Author: Content Editor
The XRP price has recently found support near the $0.5600 zone and is starting to rise again. It is currently aiming to break above the $0.60 resistance zone. The price had previously declined from the $0.5985 zone but found support at $0.560 and started an upward move. It surpassed the 50% Fib retracement level and broke a bearish trend line with resistance at $0.5750. The price is now trading above $0.5750 and the 100-hourly Simple Moving Average. On the upside, there is resistance near the $0.5890 level, followed by the $0.590 level. If the price fails to clear these resistance zones, it could start another decline with initial support at $0.5765 and the next major support at $0.5750. The technical indicators show that the MACD is gaining pace in the bullish zone and the RSI is above the 50 level.
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