Market Context:
XRP ($XRP) continues to fight for momentum amid a cautious crypto market. Despite ongoing regulatory overhangs, XRP has managed to maintain stability above $0.58, signaling underlying buyer interest. Traders are now watching whether XRP can clear its next resistance and start a fresh rally.
Current Price Action:
XRP is hovering near $0.60, showing signs of accumulation. The $0.58 level has acted as reliable support, while resistance at $0.62 continues to cap upward moves. Trading volumes remain modest, suggesting that the market is waiting for a trigger.
Bullish Scenario:
If XRP breaks above $0.62, it could retest $0.65 quickly. A successful move above $0.65 would pave the way for $0.70, with the potential for further extension to $0.75 in the mid-term.
Bearish Scenario:
On the other hand, failure to break resistance may push XRP back toward $0.58. A breakdown below $0.58 would expose $0.55 and potentially $0.52 as downside targets.
Outlook:
XRP is showing resilience, but it needs a clear breakout above $0.65 to confirm bullish momentum. Until then, price action may remain range-bound between $0.58–$0.65.
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