🔥🔥🔥 XRP Price Aims Higher as Bullish Momentum Builds

XRP Price Extends Upward Momentum Above $0.450: Bullish Signs for Further Gains

XRP has continued its upward trend, trading above $0.450 and the 100-hourly SMA, indicating positive momentum.

Key Points:

- Bullish Trend Line: A significant trend line with support at $0.4390 has formed, helping maintain momentum. XRP recently climbed above $0.4320 and $0.4400, spiking past $0.450.

- Resistance Levels: Immediate resistance is near $0.4550, with major resistances at $0.4620 and $0.4650. Clearing these could push XRP to $0.480 and $0.4880, with potential to reach $0.500.

- Support Levels: If XRP fails to clear $0.4550, initial support is at $0.4450, followed by major support at $0.4390. A break below this could lead to further declines towards $0.4220.

Technical Indicators:

- The 50% Fib retracement level of the move from $0.4307 to $0.4547 suggests a consolidation phase.

- Resistance near $0.4550 is critical for bulls.

- The bullish trend line support at $0.4390 is crucial for maintaining upward momentum.

Outlook:

XRP’s recent performance is bullish, with potential for further gains if key resistance levels are breached. Investors should watch the $0.4550 resistance and $0.4390 support to gauge the next direction.

Source - cryptoknowmics.com

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