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XRP Price Breaks Out—Is a Bigger Rally on The Horizon? Newsbtc hace 6 días

XRP Price Breaks Out—Is a Bigger Rally on The Horizon? 📈

XRP

XRP price is witnessing a positive trajectory as it ascends from the $2.40 support zone. Currently trading above $2.50 and the 100-hourly Simple Moving Average, XRP is forming a key bullish trend line around $2.40. This upward momentum could potentially intensify if the price clears the $2.60 resistance zone.

The altcoin has successfully stayed above its support level, forming a base and surpassing barriers at $2.50 and $2.60. After reaching a high of $2.603, XRP is consolidating. Future resistance is projected near the $2.720 level, and beyond, it might attempt to reach $2.80 or even $2.920.

However, failure to break past $2.60 could see the price declining towards initial supports at $2.48 or $2.42. The technical indicators—MACD and RSI—are showing bullish tendencies, underscoring a potential upward rally.

Fuente: www.newsbtc.com ↗

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