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 2 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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