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XRP Price Gears Up: Is a Fresh Rally on the Horizon? Newsbtc 2 weeks ago

XRP Price Gears Up: Is a Fresh Rally on the Horizon? 📈

XRP is making waves as its price surged above the $2.50 level, despite pressure from Bitcoin. The token has gained more than 10% and aims for an increase above the $2.550 resistance.

This momentum has put XRP above the 100-hourly Simple Moving Average. A short-term bullish flag is emerging at $2.550 resistance, indicating a potential for further gains. Bulls are keen on targeting $2.60 and higher if the price clears significant hurdles. If not, a slide below key levels could trigger a downside correction.

Technical indicators like the MACD and RSI are hinting at a bullish trend, but resistance around $2.65 and support near $2.4850 and $2.420 are crucial for the next move.

Source: www.newsbtc.com ↗

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