XRP Will Need To Pass $0.85 Before It Can Breakout, Says Analyst

Coin Edition
Coin Edition

20 Nov 2023 4:39 PM

An analyst and trader revealed that XRP will need to overcome the $0.83-$0.85 resistance before it can break out. Read more on CE....

  • XRP needs to overcome the $0.83-$0.85 resistance before it can break out.
  • XRP has formed "robust support" at $0.50 and has firm support between $0.54 and $0.55.
  • XRP is showing strong support levels within the Gaussian Channel and Symmetrical Triangle pattern.
  • XRP's specific resistance points are the barrier of a symmetrical triangle pattern.
  • XRP's value rose 1.86% over the past 24 hours but is still down more than 5% over the past 7 days.
  • XRP dropped below the key $0.6235 support level but is attempting to reclaim it.

The article provides a mix of positive and cautionary sentiment. It highlights strong support levels for XRP but also warns about the need to overcome resistance before a breakout.

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You May Ask

What are the resistance levels XRP needs to overcome?What support levels has XRP formed?What patterns are present in XRP's charts?How has XRP's value performed in the past 24 hours and 7 days?What is the key support level for XRP and its potential impact on its trend?

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