CandleFocus XRP Price Swings Wildly: Can It Resume Its Rally?
2024-12-04
Author: Content Editor
The XRP price has been experiencing some volatility, with attempts to clear the $3.00 resistance level but failing to surpass $2.85. It has corrected some gains and dropped below the $2.65 and $2.50 levels. However, it is currently recovering losses and trading above $2.30 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.25. On the upside, resistance levels are expected at $2.62, $2.72, and $2.85. If the price fails to clear the $2.62 resistance, it could start another decline, with major support at $2.50 and $2.40. Technical indicators show that the MACD is losing pace in the bullish zone and the RSI is below the 50 level.
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