XRP Price Surges: Strengthening Volume Points to Further Price Gains
While fluctuations continue across the crypto market, XRP is also showing remarkable performances. Up 2.33% in the last 24 hours, XRP is currently testing critical resistance levels. In this period when Bitcoin was trying to stay above the $65,000 level, investors’ interest shifted back to altcoins. XRP’s increasing volume and strengthening market momentum point to the potential for further upside in the short term. Positive developments regarding Ripple also continue to support the XRP price.
XRP Bulls vs. Bears: Will Price Break $0.60 Resistance or Drop Below $0.50?
The fact that the bulls have prevented the price from falling below the moving averages is encouraging, even though they have been unable to get XRP over the $0.60 resistance. This raises the odds of an upward breakout. The XRP/USDT pair might increase to $0.64 if that occurs. At $0.64, buyers might encounter strong resistance, but if they push through, the pair might rise as high as $0.74.
On the other hand, a decline in price that breaks below the moving averages indicates that the bulls have given up. After that, the pair can drop to $0.50 by sliding below the uptrend line.
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