CandleFocus XRP Uptrend Intact—Is XRP Setting Up for Another Moonshot?
2024-12-12
Author: Content Editor
XRP has seen a strong recovery, with prices rising by 17% in the past 24 hours. It is now approaching a resistance zone at $2.65, and short-term indicators offer a mixed picture for traders. On the 4-hour chart, XRP has rebounded from a low of $1.898, with supportive moving averages. On the 1-hour chart, there are higher lows and resistance at $2.474 to $2.50, with the potential for a breakout or retracement. On the daily timeframe, XRP has formed higher lows and shows bullish patterns, although declining volume suggests waning momentum. Key indicators are neutral. Overall, if XRP can break through the $2.65 resistance level with strong volume, it could accelerate the uptrend towards $2.9 and beyond. However, a failure to break above $2.65 could lead to a retracement towards support levels at $2.2 or even $1.898.
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