Posted 12/8/2023, 9:43:25 AM
Ripple (XRP) Price Faces Critical Support at $0.55 After Rejection at $0.74 Resistance
- Ripple (XRP) price rejected from $0.74 resistance level on Nov 13, now approaching key $0.55 support
- XRP has traded in horizontal range between $0.42-$0.95 since July
- Mixed technical readings - weekly RSI falling but above 50; support trendline held
- Analysts bullish, predict new ATH of $6 next bull run
- Next major price move will likely come from breakout above $0.74 or breakdown below $0.55 support