XRP Price Prediction – Bulls Could Take Advantage Of Price Dip To Restart Rally

Oct 26, 2023 06:00 am Cryptocurrency 85

XRP price is correcting gains from the $0.585 resistance against the US Dollar. The bulls are active near $0.550 and might soon initiate a new rally.

XRP started a strong increase above the $0.55 resistance.

The price is now trading above $0.525 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair might correct further lower, but the bulls could remain active near $0.5320.

XRP Price Holds Ground

After forming a base above the $0.478 level, XRP started a fresh increase. The recent pump in Bitcoin and Ethereum also dragged XRP higher. The price gained pace after it broke the $0.525 resistance.

There was a move above the $0.550 and $0.565 resistance levels. Finally, it traded to a ..

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