Cryptocurrency markets continue to show bullish momentum as several leading coins reach new highs, with XRP demonstrating notable strength in recent trading sessions.
Market data from CoinMarketCap highlights sustained upward trends, indicating growing investor confidence and potential for further gains in the near term.
According to COINOTAG, “XRP’s price action suggests a strong breakout potential, supported by key resistance levels being tested and positive market sentiment.”
Explore XRP’s recent price surge and market dynamics as bulls push key resistance levels, signaling potential new highs in the crypto space.
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Over the past 24 hours, XRP has experienced a modest increase of 0.78%, reflecting steady buying interest among traders. The hourly chart reveals that XRP is approaching a significant local resistance at $3.58. Should the bulls maintain momentum, the price is poised to break through this barrier and target the $3.60-$3.65 range shortly. This movement is indicative of a healthy upward trend, supported by consistent trading volumes and positive market sentiment.
On a longer time frame, XRP is currently testing a critical resistance level at approximately $3.5495. A daily candle close above this threshold could trigger a surge toward the $3.80 mark, as the accumulated buying pressure builds. This scenario remains plausible through the end of the week, contingent on sustained market support. From a midterm perspective, XRP’s recent breakthrough above the $3.40 resistance level further reinforces the bullish outlook. Maintaining prices above this level suggests that ongoing growth is the most probable outcome, potentially leading to a new all-time high in the near future.
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Source: https://en.coinotag.com/xrp-shows-potential-for-further-gains-near-key-resistance-levels-this-week/