XRP Skyrockets 10%, Here’s Next Major Target to Watch

XRP experienced a significant increase of over 1.83% in the last 24 hours, adding to the ongoing market-wide bullish trend. Based on CoinMarketCap’s data, this daily rise boosted XRP‘s growth over the past week to approximately 10.4%. The cryptocurrency’s price fluctuated between a low of $0.47 and a high of $0.5366.

For a while, the XRP community has been waiting anxiously as the coin’s growth hovered around the $0.528 mark. This price point had previously functioned as both support and resistance for XRP. However, during its recent recovery, the coin managed to surpass this level, transforming it into a new support foundation.

The XRP‘s RSI value is currently at 42, indicating it is starting to move out of the oversold zone as this indicator recovered from a recent low of 28 over the past week. According to the XRP’s daily chart, the MACD line is suggesting a bullish signal, implying a crossover is imminent.

XRP Skyrockets 10%, Here's Next Major Target to Watch

The XRP ecosystem shows renewed optimism based on these signs, which could push the price up towards the $0.6 mark. This level has acted as a significant barrier since April 12.

XRP difference and strength

XRP is making an effort to bounce back and is leaning on its community for support, even though its growth rate has been more sluggish than other digital currencies in the market. What sets XRP apart is its potential for a sudden surge, something that it has been holding onto since the last bull market when Bitcoin reached an all-time high of $73,000.

The coin’s robustness is a notable feature. Despite being affected by the ongoing Ripple vs. SEC lawsuit since late 2020, XRP has remained among the top 10 largest digital currencies based on market capitalization, even as newer coins like Solana (SOL) have surpassed it more recently.

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2024-04-21 17:49