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XRP PRICE ANALYSIS-$0.7150: Comeback! Bulls Roar, Will Rally Persist?

Key Takeaways
  • XRP is currently on the verge of experiencing a Golden Crossover on its daily chart
  • XRP has successfully breached the Bullish Flag pattern on its 2-hour chart
  • To sustain its upward momentum, it needs to remain above the $0.74 level in the near future
06-Nov-2023 By: Lokesh Gupta

XRP price climbs above $0.70, needs to hold for further gains

XRP coin has maintained its impressive rally, with a 11.00% increase in the last 24 hours, pushing its value above $0.70. On-chain data reveals notable accumulation by XRP's major holders, and the recent price surge has seen XRP break through important resistance levels, now trading at multi-month highs. This technical strength hints at the possibility of further gains in the near to medium-term future.

Technical View:

According to Coingabbar Price Analysis, Over the past few days, XRP has shown significant strength against the US Dollar, surging above key resistance levels. It initially broke through the $0.55 barrier, then moved into a positive zone by surpassing $0.625, and continued its climb above $0.650. XRP is now trading above $0.70, in a manner similar to Bitcoin. To maintain this upward trajectory, it must stay above $0.74 in the short term.

On the daily chart, XRP is on the brink of a Golden Crossover, and if it confirms, it could potentially reach $1.00. The 2-hourly chart also reveals a Bullish Flag pattern, followed by a breakthrough of the $0.7100 resistance, indicating a notable uptrend in XRP's price.


RESISTANCE LEVEL : $0.7350-$0.7700

SUPPORT LEVEL : $0.7000-$0.6800

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.