Good news for XRP holders as prices rise.
Major support level: $0.54
Main resistance levels: $0.60, $0.68
1. Price recovery key level
After some hesitation, buyers managed to push XRP back above the 54 cents level, where it is now once again acting as a major support. As long as price remains above this key level, XRP has a clear path to further upside and challenge the next 60 cent resistance.
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2. Purchase volume remains low
Even if buyers manage to pull off a win this week, the volume does not show high confidence. Buying volume has been sluggish since prices fell in late September. If XRP wants to challenge the 60 cents level in the future, the bulls will need to strengthen further.
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3. Daily MACD bullish cross
Daily MACD brings good news after bullish cross. This signals that momentum is shifting to the buy side and could be just the beginning of a sustained rally. It’s still early, but this is promising. A test of the 60 cents resistance level is likely to see buyers regain control of the price.
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