CandleFocus XRP Spikes 3% and These Signs Point to a Bullish Breakout?
2024-09-17
Author: Content Editor
Ripple's XRP experienced a price spike of 2.97% on September 17, gaining over 2.98% in market capitalization. The surge earlier in the week was driven by positive macroeconomic indicators and the news that Grayscale had added XRP to its cryptocurrency trust offerings. However, after reaching a peak of $0.60, buying pressure eased and bears took over, pushing the price down to $0.56. The simple moving average suggests a near-bullish breakout, with resistance levels at $0.588 and $0.5956. The SEC's ongoing case against Ripple and the Federal Reserve's rate decision are key risks that investors should be cautious of.
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