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News / Crypto / XRP Hovers Above Key EMAs, Signaling Bullish Momentum
XRP Hovers Above Key EMAs, Signaling Bullish Momentum
Published: 25.03.2024
XRP hovers above key EMAs, signaling bullish momentum.
A breach of the $0.6609 resistance may propel XRP towards $0.70, with potential for further gains to $0.7467. However, developments related to the SEC and Ripple lawsuit must be considered.
On the downside, a drop below the 50-day EMA could lead to testing of the 200-day EMA and $0.5740 support. Strong buying interest is expected at this level, which coincides with the 200-day EMA.
With the 14-day RSI at 52.23, XRP may target $0.70 before approaching overbought conditions.
A breach of the $0.6609 resistance may propel XRP towards $0.70, with potential for further gains to $0.7467. However, developments related to the SEC and Ripple lawsuit must be considered.
On the downside, a drop below the 50-day EMA could lead to testing of the 200-day EMA and $0.5740 support. Strong buying interest is expected at this level, which coincides with the 200-day EMA.
With the 14-day RSI at 52.23, XRP may target $0.70 before approaching overbought conditions.
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