Bulls Strive to Revive XRP Price: Can They Bring It Back to Previous Levels?

Bulls are making a comeback in the XRP market, aiming to boost the price back to its previous levels. Find out the latest developments and potential price predictions.

Posted 10 months ago in Market Analysis

A graph showing the fluctuating price of XRP on a chart

Bulls are making a comeback in the XRP market, aiming to boost the price back to its previous levels, according to CoinStats. The rate of XRP has seen a 1.48% increase over the past 24 hours. On the hourly chart, XRP is currently approaching the local resistance level of $0.5139. If this upward momentum continues throughout the day, there is a possibility of a breakout and a further rise towards the $0.52 area. However, on the daily timeframe, the rate of XRP is still distant from significant levels, indicating a lack of sufficient energy for a major price movement. Buyers can only regain control if they manage to push the price back to the $0.52 mark. Traders should pay close attention to the closure of the current price bar from a midterm perspective. If it closes above the previous candle's peak, it will likely signify further growth. Overall, if the bullish momentum continues, XRP could potentially test the $0.54-$0.56 range by the end of the month. Currently, XRP is trading at $0.5102.

Last updated 9/23/2023, 9:37:55 AM

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Bulls Strive to Revive XRP Price: Can They Bring It Back to Previous Levels?

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