XRP Price Uptrend To Continue? These Could Be The Factors To Watch

Jan 17, 2024 06:00 am Cryptocurrency 136

XRP price is consolidating above the $0.5400 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance.

XRP is struggling to clear the $0.588 and $0.600 resistance levels.

The price is now trading below $0.5920 and the 100 simple moving average (4 hours).

There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair start a fresh rally if it clears the $0.588 and $0.600 resistance levels.

XRP Price Aims Higher

After a decent recovery wave, XRP price was able to settle above the $0.5640 pivot level. A base was formed near $0.5460, and the price started a consolidation phase, unlike Bitcoin and Ethereum.

There was a minor increase above the $0.570 resistance zone. However, the bears seem to be active ..

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