XRP price started a fresh increase from the $0.540 zone. The price is now rising and eyeing an upside break above the $0.600 resistance zone.
XRP price started a fresh increase above the $0.580 zone.
The price is now trading above $0.580 and the 100-hourly Simple Moving Average.
There is a key contracting triangle forming with support at $0.5880 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could extend gain bullish momentum if it clears the $0.60 resistance zone.
XRP Price Eyes More Upsides
XRP price remained stable above the $0.540 level and started a fresh increase. There was a move above the $0.5650 and $0.5720 resistance levels but lagged Ethereum and Bitcoin.
The price climbed above the 50% Fib retracement level of the downward move from the $0.6374 swing high to the $0.5404 low. The current price action is positive above the 100-hourly Simple Moving Average, but the bulls are now facing resistance near the $0.600 level.
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