XRP Price Eyes $1.25 and Beyond: Can the Rally Continue? 🚀
XRP's price has seen a notable rise, climbing by over 25% and steadfastly holding above the $1.00 support zone. The increase began when XRP overcame the $0.880 resistance, allowing it to surpass $1.00 and trade above the 100-hour Simple Moving Average.
A key development was breaking the bearish trend line resistance at $1.050, which has positioned XRP for potential further growth. Significant resistance levels include $1.1380, $1.200, and potentially as high as $1.250, with prospects for reaching $1.320 or even $1.40.
The price remains bullish as it has outperformed major cryptocurrencies like Bitcoin and Ethereum, with a notable climb to $1.2747. A pullback saw it dip to $1.100, but it still holds strength above the $1.00 support zone.
However, failure to clear core resistance, particularly at $1.1380, might trigger a downward correction, with primary support levels at $1.050 and $1.000. A breach below $1.00 could see further decline towards $0.932 and $0.880. Technical indicators suggest bullish momentum with the MACD gaining pace and RSI above 50.
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