XRP Declines, Watch for 0.6300 USDT Resistance and Key Supports

7 days agoThe downtrend dominates as XRP has adjusted from the strong resistance around 0.6300 USDT.

The price may continue to correct toward deeper support levels if it fails to break through the EMAs and short-term resistance.

The 34 EMA at 0.5576 USDT and 89 EMA at 0.5513 USDT: Currently, the price is below both EMAs, indicating short-term bearish pressure.

The main resistance at 0.6300 USDT must be overcome, or the price may continue to adjust. Key supports are at 0.5178 USDT, 0.4899 USDT, and 0.4201 USDT.

Traders should closely monitor key news, such as the upcoming Fed interest rate decision, as it could significantly impact price trends.

7 days ago

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Wishing you successful trading!

6 days ago

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XRPUSDT is trading at $0.5354, down 1.19% over the past 24 hours, with a range between $0.5301 and $0.5425. Over the past week, it has dropped 4.29%. Analysts are monitoring key support at $0.5320 and resistance at $0.5420 for potential signs of a rebound.