đđHas XRP Coin Started to Give Bullish Signals? Breakout Happened! đđ
Since last year, Ripple's XRP$XRP
coin has not experienced any significant upward movement and the market has been mostly consolidating in the last few months. However, recent price action offers some clues about XRP's future.
XRP's price has been consolidating at the $0.6 resistance level in recent weeks. The market finally broke this level to the upside. If this breakout is permanent, XRP can be expected to rise towards $0.72. The RSI indicator is also trading above 50%, indicating that momentum is strengthening and higher prices are possible.
XRP price has been falling after the pullback from the 1,200 SAT region and is currently approaching the 200-day moving average, which corresponds to the 800 SAT support region. However, the market has started to show a recovery from the 800 SAT level and the RSI is at the point of exceeding 50%. In this case, it seems likely that the market will rise above 1,000 SAT once again in the short term.
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