Is XRP Ready for a Major Move?

If XRP can push through the critical resistance at $0.61, it could set its sights on the next major level at $0.66. On the downside, strong support is expected around $0.54, aligning with the lower boundary of the Donchian Channels. A fall below this support might lead to a more significant correction, potentially pulling XRP back towards the $0.50 level.

Although recent price action suggests a bullish outlook, traders should be aware of the possible resistance barriers ahead. Is XRP about to break out, or should caution prevail?

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