XRP Price Boosts Optimism by Testing Key Resistance Level
Main Idea
XRP's price surged to $3.28, testing a key resistance level, with potential for a bullish wave if it sustains above $3.30, though decreased trading volume raises concerns about the strength of the uptrend.
Key Points
1. XRP's price reached $3.28, testing a descending trend line that has capped recovery since its peak at $3.50 in late July.
2. A daily close above $3.30 could signal a new bullish wave, with initial targets at $3.50 and $3.70, but low trading volume tempers optimism.
3. Moving averages provide support, with the 20-day EMA at $3.07 and the 50-day EMA at $2.81; a failure to break the trend line may lead to a correction toward these levels.
4. The 50-day EMA at $2.81 is a critical threshold for XRP; a pullback to $3.07 or $2.81 is possible if the trend line resistance holds.
5. Confirmation of a bullish trend requires not just a price close above $3.30 but also strong follow-up buying volume.
Description
XRP price tested a descending trend line at $3.28 today. A close above $3.30 could indicate a new bullish phase. Continue Reading: XRP Price Boosts Optimism by Testing Key Resistance Level The post XRP Price Boosts Optimism by Testing Key Resistance Level appeared first on COINTURK NEWS .
Latest News
- HBAR Holds Ground Against Market Trends2025-08-11 11:37:55
- Crypto Market Roars Back with $572 Million Surge2025-08-11 11:03:57
- Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market2025-08-11 10:36:10
- XRP Price Boosts Optimism by Testing Key Resistance Level2025-08-11 10:11:36
- Ethereum ICO Participant Turns $6,200 into Millions with Timed Sales2025-08-11 09:24:18