XRP / TetherUSUpdated XRP Aims Higher: Key Resistance Break Could Trigger Rally
The XRP/USDT chart reveals a potential upward trajectory with a few critical levels to watch. Currently trading around $0.6165, XRP is approaching a significant resistance zone between $0.6344 and $0.5800, as marked on the chart. If it manages to break above this resistance, the next target could align with the Fibonacci 1.618 level around $0.7722.
In the near term, a slight pullback might occur within the resistance zone, allowing for consolidation before another attempt to push higher. The moving averages below provide a supportive base, keeping the general trend upward.
This technical setup suggests a bullish outlook, with XRP possibly targeting the higher levels if buying momentum sustains.
In the near term, a slight pullback might occur within the resistance zone, allowing for consolidation before another attempt to push higher. The moving averages below provide a supportive base, keeping the general trend upward.
This technical setup suggests a bullish outlook, with XRP possibly targeting the higher levels if buying momentum sustains.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.