The recent XRP price action has formed a spinning top candlestick pattern, indicating market indecision. This suggests that the recent surge in XRP's price may be coming to an end and a period of correction or consolidation may be approaching. XRP has made significant progress, reaching highs of $0.72, but a pullback is possible. In order to continue its upward trajectory, XRP must hold above important support levels, with $0.60 being the immediate support to watch. If XRP breaks below $0.60, a larger retracement targeting the $0.55 support level may occur. Bulls need to protect this level to avoid a prolonged correction. On the positive side, if XRP breaks above the recent high of $0.72, it may test the resistance zone between $0.75 and $0.78. Psychological levels like $0.80 would then become significant obstacles. The state of the larger cryptocurrency market and the volume of XRP's trades will also influence its short-term trajectory. The rally may continue if there is high volume and bullish sentiment.



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