XRP Price Soars Ahead of Ripple's Swell Conference, Breaking Resistance Levels as Analysts Predict Further Gains
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XRP price increased significantly before Ripple's Swell conference, reaching over $0.70. It broke out from a descending resistance trend line.
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XRP reclaimed the $0.55 horizontal resistance area during the ascent. The weekly RSI crossed above 50, a positive sign.
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The Ripple team announced leaders discussing real-world utility at the Dubai crypto ecosystem conference.
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Analysts have a bullish outlook on XRP's future movement. One analyst uses Elliott Wave Theory to suggest XRP will reach a new all-time high.
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The XRP price faces the $0.68-$0.74 resistance zone. Breaking this could trigger a 40% increase to $0.94. Support is at $0.55.