🚀 Ripple Breaks $0.65! What's Next?🚀

After holding steady, $XRP has finally surged past the $0.60 resistance, reaching $0.65, marking a 5% gain in the past 24 hours!

🔍 Technical indicators:

🔹RSI: Climbed to 72, indicating overbought levels, but could also suggest a prolonged bullish trend. 📈

🔹SMA & EMA: XRP’s Simple Moving Average rose to 0.5767, and its Exponential Moving Average remains strong at 0.5894, supporting bullish momentum. 💪

🔹MACD: Positive divergence (0.0158) vs. signal line (0.0093), signaling continued upward momentum. 🔥

🔹ATR: With volatility rising (ATR at 0.0253), traders should stay alert for both opportunities and risks. ⚡

🔹Trading volume surged by 172.5% to $2.24 billion, signaling increased interest.

While XRP’s recent technicals point to a solid bullish trend, it’s important to remember the limitations of technical analysis. Ripple's price is also influenced by different factors - for example: potential SEC appeal, stablecoin launch, and recent partnerships.

#Ripple #XRP #SEC #FOMC