After consolidating for four months, XRP has successfully broken through the 0.625 level, indicating renewed bullish momentum. However, it is currently facing resistance around the 0.73 mark, which may act as a barrier in the near term. We anticipate that the market could pull back slightly to retest support, followed by a period of sideways movement as it gathers momentum for the next potential upward surge. Should the price fall below the 0.60 level, however, this bullish setup would no longer be viable, and further downside could be expected.
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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.