XRP Soared Under Trump’s First Term—Now Set for a Rally, Yet Investors Eye a 19,900% Alternative!

1 week ago 17

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XRP (XRP)

XRP has been on a remarkable upward trend recently. Over the past week, its price surged by 33.74%. In the last month, it climbed 24.96%, and over six months, it increased by 29.60%. These gains suggest growing investor interest and momentum in the market for XRP.

Currently trading between $0.51 and $0.64, XRP is approaching its nearest resistance level at $0.69. The 10-day simple moving average stands at $0.65, slightly above the 100-day average of $0.58. Technical indicators like the Relative Strength Index at 64.71 and Stochastic at 72.08 indicate that XRP is nearing overbought territory. The MACD level of 0.0185 also reflects bullish momentum.

Based on this data, XRP could continue its upward trajectory. If it breaks through the $0.69 resistance, it might target the second resistance level at $0.81, representing a potential gain of around 26%. However, if the price reverses, the nearest support is at $0.44, a drop of approximately 31% from the current high. Traders should watch these levels closely as XRP’s momentum unfolds.