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.
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.
KEY LEVELS :
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.