๐ $XRP Update
Bulls Charge Ahead! What's Next?
As the week comes to a close, XRP #XRPUSDT buyers are still in the game, showing their determination. Let's dive into the recent price action:
๐ Impressive Gains
XRP has been on the move, gaining a substantial 4.45% today. Over the past week, it's seen an impressive 15.61% price surge.
๐ Hourly Chart Insights
The hourly chart tells a bullish story, despite the rapid ascent. However, it's crucial to keep an eye on the daily bar closure, particularly concerning the $0.6541 resistance level.
๐ก What to Watch For
- If XRP maintains distance from that resistance, a correction may lead to a test of the $0.63 support area.
- The daily time frame shows bullish momentum, and a close above $0.65 could pave the way for an upward move to the nearest resistance at $0.6655 in the coming days.
๐ Midterm Perspective
In the midterm, XRP remains bullish, with candles nearing key resistance. While the volume remains low, it suggests that buyers might be gathering strength for further action. As a result, sideways trading in the $0.60-$0.65 range is a plausible scenario for the weeks ahead.
๐ Current Status
At the time of writing, XRP is trading at $0.6422.
Stay tuned for more updates as XRP continues its exciting journey! ๐๐