While Bitcoin ($BTC) briefly touched $58k again, XRP soared more than 11% today, outpacing other top tokens like Ethereum (ETH) and Solana (SOL), which saw only slight increases.
The XRP price rallied phenomenally in the past 24 hours, gaining 11.67% at press time to trade at $0.5053. The Ripple-backed asset’s 24-hour low and high were $0.4521 and $0.5108, respectively.
*Support Levels:
- $0.4500: A key support level observed in recent trading activity.
- $0.4000: A historically significant support level, providing a strong foundation for potential pullbacks.
*Resistance Levels:
- $0.5500: A major resistance level based on historical price action.
- $0.6000: A psychological resistance level, marking a significant milestone for further upward movement.
- $0.7000: A robust resistance level seen in the longer-term trading charts.
**XRP's recent surge, coupled with robust trading volume, indicates strong market interest and bullish momentum. However, traders should remain cautious of potential pullbacks, especially as the price nears key resistance levels. Monitoring these support and resistance levels can provide strategic entry and exit points for future trades. DYOR.
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