CandleFocus XRP Price Rockets Upward: Bulls Poised for More Gains
2024-11-15
Author: Content Editor
The XRP price has seen a significant increase of over 15% and is currently moving higher above the $0.740 support zone. If it manages to clear the $0.8450 resistance zone, the price could experience further acceleration. XRP formed a base above the $0.620 level and started a strong increase above $0.7000. It outperformed Bitcoin and Ethereum in the past two sessions and even climbed above the $0.850 level before experiencing a pullback. The price is now trading above $0.750 and the 100-hourly Simple Moving Average, with a key bullish trend line forming at $0.740. On the upside, the price might face resistance near the $0.8450 level, with major resistance levels at $0.8880 and potentially $0.900. However, a failure to clear the $0.8450 resistance could lead to a downside correction, with initial support at $0.80 and $0.7550. The next major support levels sit at $0.740 and $0.7240. Technical indicators, such as the MACD and RSI, suggest a bullish trend for XRP/USD.
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