Posted 10/7/2023, 8:00:00 AM
Ripple XRP Price Faces Key Resistance at $0.55 After August Gains
- The Ripple XRP price created a higher low on September 11 after increasing in August.
- XRP broke out from a descending resistance trendline but still trades below $0.55 resistance.
- Ripple CEO announced no acquisition of Fortress Trust after a breach.
- XRP wave count suggests a potential 11-25% price increase to $0.58 or $0.66.
- The daily RSI reading is above 50 and moving up, signaling bullish momentum.
- A rejection from $0.55 resistance could lead to a 20% decrease to $0.41 support.
