XRPUSD Shows Bullish Momentum, Eyes on $0.65 Resistance
Market Overview:
XRPUSD is bouncing from strong support at $0.502, signaling demand in that zone.
Since the July lows, XRP has formed higher-lows and higher-highs, indicating building bullish momentum within an upward channel.
Key Levels to Watch:
Support: $0.502 (recent bounce) and swing low for potential stop loss placement.
Resistance: $0.65, with potential for further upside if convincingly breached.
Outlook:
XRP's shallow pullback from the $0.65 resistance and the holding of key support levels suggest underlying strength. If $0.65 is broken, the bullish case strengthens, with room for more gains.
#XRP #CryptoTrading #PriceAnalysis #SupportAndResistance #BullishMomentum
XRPUSD is bouncing from strong support at $0.502, signaling demand in that zone.
Since the July lows, XRP has formed higher-lows and higher-highs, indicating building bullish momentum within an upward channel.
Key Levels to Watch:
Support: $0.502 (recent bounce) and swing low for potential stop loss placement.
Resistance: $0.65, with potential for further upside if convincingly breached.
Outlook:
XRP's shallow pullback from the $0.65 resistance and the holding of key support levels suggest underlying strength. If $0.65 is broken, the bullish case strengthens, with room for more gains.
#XRP #CryptoTrading #PriceAnalysis #SupportAndResistance #BullishMomentum
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