Posted 10/27/2023, 5:00:00 PM
XRP Faces Key Resistance at $0.55 But Analysts Remain Bullish on Breakout Potential
- XRP price moved above $0.550 resistance level but hasn't closed above it yet on the weekly chart
- Weekly RSI is around 50, not confirming a clear bullish trend
- Analysts have a bullish outlook, predicting XRP will break out above $0.90 or $1
- Daily chart supports a bullish view, with breakouts from descending resistance and $0.530 level
- A daily close below $0.530 would invalidate the breakout and could lead to a drop to $0.430 support