🚀 Ripple is back in the spotlight! After receiving a boost in buying spirit at the $0.5 support zone, XRP price shot up and broke through an important resistance level. Buyers are now more confident, ready to head towards the next target at $0.66!
- **Daily Chart**: The $0.5 zone has been XRP's stronghold for the past few months. With a strong buying impulse, XRP managed to break through the 100-day moving average ($0.55) and 200-day moving average ($0.53). This is a sign of a change in sentiment!
- **4-Hour Chart**: Ripple shows high demand around $0.5, in line with the 0.5 and 0.618 Fibonacci levels. A bullish divergence with the RSI confirms the accumulation phase, triggering a breakout above the wedge boundary and $0.55.
XRP is now in the range of $0.55-$0.66. Consolidation for a while before continuing the uptrend? Let's discuss in the comments column! 💬