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đ XRP Price Update đ
Exciting news for XRP investors! đ The SEC's case against Ripple's executives has been dropped, and it's sparking some bullish moves in the XRP price.
đ XRP has surged above the $0.50 resistance, now trading at over $0.505 with strong support from the 100 simple moving average (4 hours).
đ A major bearish trend line was broken, resistance near $0.4885, indicating a positive trend.
The price even broke the 50% Fib retracement level, signaling a significant upward move.
This surge isn't just isolated to XRP â it's also benefiting Bitcoin, Ethereum, Solana, and other cryptocurrencies, helping them move higher too.
Now, the focus is on breaking the immediate resistance at $0.524, or the 61.8% Fib retracement level. If it crosses $0.532, we could see XRP aiming for $0.550 resistance.
Beyond that, there's potential for XRP to reach $0.565 and even $0.585 resistance levels.
Of course, as with any investment, there are risks. If XRP fails to clear the $0.524 resistance zone, a downside correction may occur. Initial support at $0.512 and major support at $0.505. If it breaks below $0.505, the price might decline towards $0.4850.
Technical indicators suggest that XRP/USD's MACD is slowing down in the bullish zone, while the RSI is currently above the 50 level.
Stay tuned for more updates on XRP's exciting journey in the crypto market #XRP #cryptocurrency #crypto2023 #BTC #opbnb
Exciting news for XRP investors! đ The SEC's case against Ripple's executives has been dropped, and it's sparking some bullish moves in the XRP price.
đ XRP has surged above the $0.50 resistance, now trading at over $0.505 with strong support from the 100 simple moving average (4 hours).
đ A major bearish trend line was broken, resistance near $0.4885, indicating a positive trend.
The price even broke the 50% Fib retracement level, signaling a significant upward move.
This surge isn't just isolated to XRP â it's also benefiting Bitcoin, Ethereum, Solana, and other cryptocurrencies, helping them move higher too.
Now, the focus is on breaking the immediate resistance at $0.524, or the 61.8% Fib retracement level. If it crosses $0.532, we could see XRP aiming for $0.550 resistance.
Beyond that, there's potential for XRP to reach $0.565 and even $0.585 resistance levels.
Of course, as with any investment, there are risks. If XRP fails to clear the $0.524 resistance zone, a downside correction may occur. Initial support at $0.512 and major support at $0.505. If it breaks below $0.505, the price might decline towards $0.4850.
Technical indicators suggest that XRP/USD's MACD is slowing down in the bullish zone, while the RSI is currently above the 50 level.
Stay tuned for more updates on XRP's exciting journey in the crypto market #XRP #cryptocurrency #crypto2023 #BTC #opbnb
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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