XRP surpasses 60 cents despite a market pullback. Key support and resistance levels: $0.60 and $0.68 respectively.
Price Breakout
Over the weekend, XRP managed to exceed 60 cents and rallied up to 66 cents. This is a major breakout, especially considering the decline of leading cryptocurrencies like BTC and ETH in recent days.
Momentum Returns
With buyers back on the offensive, momentum and volatility are picking up again. This bullish trend suggests further price action. However, a pullback should not be dismissed after XRP increased by 13% since Saturday. The current target for this rally is found at 68 cents.
Buy Volume Increases
Surprisingly, the buy volume exploded over the weekend. This is uncommon, but it has positioned XRP as a leader in recent days. If this momentum continues, the key resistance at 68 cents will be tested soon. Once the price hits this level, sellers might step in.
XRP demonstrates significant resilience amid the overall market downturn, indicating possible further price advancements.
Comments