The XRP price is attempting to recover from the $0.4880 zone but must overcome resistance levels at $0.5200 and $0.5320 to see a significant increase. The price has been in a bearish zone and dropped below $0.5200 and $0.5000 levels. It even reached a low of $0.4867 before starting to recover. There was a break above a short-term bearish trend line, but the price is currently trading below $0.5220 and the 100-hourly Simple Moving Average. If it fails to clear the $0.5220 resistance, it could experience further decline and support levels are at $0.5050 and $0.5000. On the other hand, if it surpasses the resistance levels, it could reach $0.5500, $0.5550, and even $0.5620 in the near term.
- Content Editor ( newsbtc.com )
- 2024-10-28
XRP Price Holds Steady in Consolidation: Is a Shift Coming?