XRP has been showing a gradual upward price trend throughout the day, trading at $0.5229, up 1.77%. The price has been fluctuating before stabilizing, with minor dips leading to a steady rally.
XRP price rose to nearly $0.525, briefly touching its daily peak. This upward movement indicates underlying market strength.
Key support levels for XRP show where buying interest is strong. At $0.5138, the lowest level seen in recent trading, buyers stepped in, confirming strong support at that level. Additionally, $0.5200 has emerged as a minor support level, helping to maintain XRP’s upward momentum despite minor dips. The presence of strong buyers at these levels suggests that XRP has a solid foundation to continue its upward move.
Resistance levels, on the other hand, show where selling pressure could slow or reverse price gains. The immediate resistance level at $0.5250 has already shown signs of selling interest, with XRP pulling back after reaching it.
If the price can break this level and hold, it could potentially reach the $0.5300 mark, where additional resistance is likely to emerge.
Technical indicators point to bullish potential
In addition, technical indicators point to a positive outlook. XRP’s 4-hour RSI reading at 54.43 points to a neutral market position, showing neither extreme overbought nor oversold conditions. Meanwhile, the 4-hour MACD line is trading above its signal line, hinting at bullish momentum forming.
@Peraspera ad astra
