Ripple’s XRP Surges: Will It Break $0.56 Resistance?
#Ripple💰 's $XRP surged 5%, breaking above the $0.52
support level and approaching the $0.56 resistance. Strong investor demand is backing this rally, as seen by an increased Chaikin Money Flow (CMF) at 0.20, indicating buying momentum. The
Balance of Power (BoP) indicator is also positive, showing that
buyers are in control.
With XRP's bullish trend reflected in the positive funding rate for
its derivatives, a breakout above $0.56 could set the stage for
$0.60. However, if XRP struggles to hold $0.56, it may retrace to
$0.52.
