CandleFocus

XRP Price Stalls in Range: Will a Breakout Come Soon?

The XRP price is currently trading above the $0.5250 level and has been able to clear the $0.5320 resistance level. It has climbed above the 50% Fib retracement level and has broken a short-term bearish trend line. The price is now trading above $0.5330 and the 100-hourly Simple Moving Average. On the upside, it might face resistance near the $0.5380 level or the 76.4% Fib retracement level. The first major resistance is near $0.5420, followed by $0.5450. If the resistance zone is not cleared, the price might start declining and find support at $0.5330 and $0.5280. The next major support is at $0.5220. The technical indicators, MACD and RSI, are showing bullish signs.

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