🔥🔥🔥 $XRP Price Consolidates Surge, Ready for Another Leg Up?
XRP's price has surged above $0.550 and $0.600, currently consolidating gains while facing resistance around $0.6480.
Key Points:
- XRP saw a strong rally, surpassing $0.550 and $0.580, reaching a high of $0.6473.
- The price is holding above $0.600, supported by the 100-hour Simple Moving Average.
- A contracting triangle pattern is forming, with resistance near $0.640.
Potential Scenarios:
- A breakout above $0.640 could push XRP to $0.6550, with further targets at $0.6720 and possibly $0.700.
- Failure to break $0.640 could lead to a downward correction, with support at $0.6080 and $0.600, and a potential drop to $0.570.
Technical Indicators:
- MACD: Losing momentum in the bullish zone.
- RSI: Above 50, indicating potential for further gains.
- Key Support: $0.6080, $0.5700.
- Key Resistance: $0.6250, $0.6400.
Source - newsbtc.com
