🚨🔍 Ripple (XRP) Price Analysis 📊
Ripple (XRP) has finally managed to break above the 200-day SMA, but the price action remains uncertain as momentum lags behind the broader market. For much of October, XRP has been trading in a tight range between $0.50 and $0.55, struggling to gain ground. Several attempts to break the 200-day SMA were unsuccessful until Monday, when XRP surged by 3.10% to $0.548.
However, the momentum didn’t last. On Tuesday, XRP faced heavy volatility and dropped by 1.20%, settling at $0.541, just above the 200-day SMA. In the current session, XRP is trading marginally higher, with buyers eyeing the $0.55 level. A break above this key resistance could spark a move towards $0.60, while failure to hold above the 200-day SMA could lead to a dip below $0.53.
🚀 Watch for a potential breakout or dip as buyers and sellers battle for control!
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