XRP Price Could Regain Strength If It Clears This Key Barrier

Dec 12, 2023 06:00 am Cryptocurrency 74

XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone.

XRP is slowly moving higher above the $0.612 level.

The price is now trading below $0.625 and the 100 simple moving average (4 hours).

There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels.

XRP Price Aims Fresh Increase

After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like Bitcoin and Ethereum.

There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart ..

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