XRP Price Prediction: Bulls Take Hit But This Level Could Trigger Another Increase

Feb 22, 2024 08:00 am Cryptocurrency 69

XRP price started a downside correction from the $0.580 resistance. The price could start a fresh rally unless there is a close below the $0.535 support.

XRP is struggling to clear the $0.5650 and $0.580 resistance levels.

The price is now trading above $0.535 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair could start a fresh rally unless there is a close below the $0.535 support.

XRP Price Dips To Key Support

In the past few days, XRP price recovered higher from the $0.520 zone. There was a move above the $0.535 and $0.550 resistance levels. However, the bears remained active near the $0.580 resistance and protected more upsides, like Bitcoin and Ethereum.

The recent high was ..

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