the upper resistance of the symmetrical triangle. In recent times, XRP has demonstrated remarkable resilience by maintaining its position above the lower support levels.
The coin has made a significant breakthrough, surpassing the resistance zone of $0.3750. The price has impressively climbed above the 50% Fibonacci retracement level, which measures the upward movement from the $0.4090 swing high to the $0.3590 low. Currently, the price is trading above $0.385 and the 50-hour simple moving average, setting it apart from bitcoin and ethereum.
According to price analysis, there is an initial resistance near the $0.3980 zone. Beyond that, the next key resistance level is located near $0.480. If the price manages to break above the $0.408 resistance, it could potentially move towards the $0.422 resistance. Further gains could then push the price towards the $0.450 level.
If Ripple fails to break through the $0.400 resistance zone, it may trigger a downward correction. The first level of support on the downside is located around the $0.385 mark, followed by a more significant support level at $0.370. Should the price drop below this level and close below it, the XRP price could experience further losses. In such a scenario, the price could even fall below the $0.360 support level and retest the $0.340 support level.
Price Analysis estimates that XRP's market capitalization is currently estimated to be $20,007,698,712. The 24-hour trading volume for the coin is around $1,857,339,958.
KEY LEVELS :
RESISTANCE LEVEL : $0.4050-$0.4200
SUPPORT LEVEL : $0.3850-$0.3700
The Ripple vs SEC Lawsuit". As the Ripple vs SEC lawsuit draws to a close in the next few days, it is crucial to keep an eye on the important levels for XRP coin. The outcome of this legal battle will undoubtedly have a significant impact on the future of XRP and its investors. Many are wondering if Ripple will emerge victorious against the US SEC, and if so, will this lead to a bullish surge for XRP? These questions remain unanswered, but the anticipation is palpable. We invite you to share your thoughts and opinions on this matter in the comments section below.