Is XRP Coiling Up for a Breakout? 🌋
The $XRP chart on the daily time frame is showing some interesting signs. Price has been consolidating near a major support zone between $0.45 and $0.473. This could indicate accumulation by investors looking for a good entry point.
There's also a possibility of a #bullish breakout if #XRP can overcome the resistance area sitting between $0.569 and $0.592.
Here's a quick breakdown:
Support: $0.45-$0.473
Resistance: $0.569-$0.592
While the current price action suggests a potential upside, remember, this is the crypto market, and volatility is king. 🫨
