- XRP price has recently started a new rise from $0.540, breaking the $0.600 mark
- We see a key contracting triangle pattern with support near $0.5880
- XRP may have bullish momentum, with resistance at $0.6150, $0.6370, $0.650, and $0.6665
- The potential decline may find support around $0.5880, $0.5650, and $0.540
So, we see the rapid activity of XRP, possibly promising us a bullish trend.
First, XRP broke the $0.540 mark and stabilized beyond it, and later continued its growth, albeit with some fluctuations.
Next, it broke through the resistance at $0.600, which is shown to us by a key contracting triangle with a support line at $0.5880.
What Other XPR Indicators Could We Extract From Here?
Next, XRP is looking for resistance levels at $0.6150, $0.6370, $0.650, and $0.6665, which it could probably overcome if the bullish momentum.
Also, the main support levels here are $0.5880, $0.5650, and $0.540, which will probably prevent XRP from falling and stabilize the momentum.
Overall, we can see good potential for a rising trend, with an RSI index of 50. Let’s keep a close eye on the dynamics and hope for steady growth of XRP.
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