XRP Price Eyes $0.60 Reclaim: Crucial for a Fresh Upswing

Aug 14, 2024 04:00 am Cryptocurrency 49

XRP price is slowly moving higher above the $0.5650 support. The price must clear $0.5880 and $0.60 to start a fresh increase in the near term.

XRP price is attempting a fresh increase above the $0.5650 level.

The price is now trading near $0.5750 and the 100-hourly Simple Moving Average.

There is a key rising channel forming with resistance at $0.5880 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair could start a fresh increase if it clears the $0.5880 resistance zone.

XRP Price Eyes Fresh Increase

XRP price remained stable near the $0.550 level and started a fresh increase like Bitcoin and Ethereum. The price was able to climb above the $0.5620 and $0.5650 resistance levels.

There was a move above the 50% Fib retracement level of the downward move from the $0.6020 swing high ..

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