XRP's recent climb has hit a snag. After rising alongside Bitcoin and Ethereum, XRP struggled to break past $0.5450 and is now dipping lower. Technical indicators are flashing some warning signs.
The key resistance level to watch is $0.5420. XRP attempted to climb above this point but was met by selling pressure, pushing the price down. If XRP can't overcome this hurdle, it could fall back to $0.5120 or even lower, potentially retesting the $0.5025 level.
On the flip side, if bulls can manage to break through $0.5420, there could be smoother sailing ahead. The next resistance point after that is $0.5450, and a successful climb above that could see XRP reach $0.5550 or even $0.5740.
XRP price prediction: Short-term momentum hinges on overcoming the $0.5420 resistance level. If bulls can break through, further gains are possible. However, failing to do so could lead to a drop towards $0.5120 or lower.
https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/
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