XRP price gained pace and successfully broke the $0.600 resistance, rising over 10%, now consolidating near $0.6450. This upward movement surpassed Bitcoin and Ethereum's performance.
Currently, XRP is trading above $0.6250 and the 100-hourly Simple Moving Average, with a key contracting triangle resistance at $0.6500. Breaking the $0.6500 and $0.6550 resistances could spark further increases.
If unsuccessful in clearing these levels, XRP may face downward pressure, with supports at $0.6350 and $0.6285. A close below $0.6285 could see a decline to $0.6120 or $0.600.
Technical indicators show the MACD losing bullish momentum, while the RSI remains above 50, suggesting potential for continued gains.
