XRP Price Stalls in Range: Will a Breakout Come Soon?

Sep 12, 2024 06:00 am Cryptocurrency 86

XRP price is holding gains above the $0.5250 level. The price is now trading in a tight range and might soon attempt a move above the $0.550 resistance.

XRP price is eyeing a clear move above the $0.5420 resistance zone.

The price is now trading above $0.5330 and the 100-hourly Simple Moving Average.

There was a break above a short-term bearish trend line with resistance at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair could gain bullish momentum if it clears the $0.5420 and $0.5450 resistance levels.

XRP Price Eyes Upside Break

XRP price remained well-supported above the $0.5220 level like Bitcoin and Ethereum. The price started a fresh increase within the range and was able to clear the $0.5320 resistance level.

The price climbed above the 50% Fib retracement level of the ..

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