CandleFocus XRP Price Slips But Will The 100-SMA Ignite A Comeback?
2024-09-11
Author: Content Editor
The XRP price has been experiencing gains and recently reached the $0.5420 level. However, it is now undergoing a correction and testing the support zone at $0.5320. The price was able to recover above the $0.5220 level and surpass resistance at $0.5250 and $0.5320. It reached a peak near $0.5426 before facing bearish pressure. The price is currently trading above $0.5320 and the 100-hourly Simple Moving Average. If it can surpass resistance at $0.5400 and $0.5420, it may continue to rise towards $0.5450, $0.5550, and even potentially $0.600. However, if it fails to break the resistance zone and falls below the support levels at $0.5320 and $0.5225, it could experience further declines towards $0.5110 and $0.5020. The MACD is currently losing momentum in the bullish zone, and the RSI has fallen below the 50 level.
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