As a seasoned crypto investor with battle-hardened nerves and a portfolio that has weathered countless market storms, I find myself optimistic about the latest XRP price movements. The weekend is off to a promising start, as suggested by CoinMarketCap’s data.
The weekend has started positively for most of the coins, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 2.85% over the last 24 hours.
Looking at the daily graph, the value of XRP has breached the nearby resistance point of around $0.6145. Should it close above this level today, the price trend could potentially surge towards the $0.62 region tomorrow.
Looking at a larger perspective, the overall trend remains positive as well. Should today’s price close above the current resistance point of around $0.6150, there could be sufficient momentum for further expansion towards the $0.64 area in the near future.
From the midterm point of view, the rate of XRP keeps accumulating energy for a sharp move.
If the temporary zone around $0.65 breaks out, there’s a possibility that the price could challenge the resistance level at $0.7425 relatively soon.
XRP is trading at $0.6210 at press time.
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2024-08-24 19:44