@newtonmicheline8
An in-depth analysis of XRP’s daily chart shows that after a resurgence in demand near the critical $0.43 support region, the price experienced a notable surge, reaching the significant $0.63 resistance zone.
This level has previously acted as a robust barrier, rejecting price advances and pushing Ripple lower. Recently, the cryptocurrency was rejected again from the $0.63 mark due to prevailing selling pressure, leading to a retracement toward the substantial support region at $0.55.
Currently, XRP appears confined within this decisive range, bounded by the $0.63 resistance and $0.55 support. A period of sideways consolidation here is expected in the short term, with a breakout in either direction likely to determine Ripple’s next move. The cryptocurrency’s next potential targets are either the $0.71 resistance or the $0.48 critical support.
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