XRP at precipice of what could be defining moment for its price
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In contrast, XRP trade volume has increased significantly, with an 85% rise attracting the attention of the cryptocurrency community. According toSimilarly, XRP is gaining popularity in Korean markets, ranking as the fourth-most-traded asset on Upbit, South Korea's largest crypto exchange, up from eighth place.
A daily candlestick close below $0.584 may indicate a further decline in XRP. The February low of $0.53 could serve as support in this situation.On the other hand, if XRP breaks through the $0.74 resistance, it may begin an ascent toward $0.85 and eventually $1.02. Traders may as well pay attention to XRP's daily moving averages, which are expected to cross in the days ahead. The emergence of a golden cross may bolster bulls, while a death cross may indicate that XRP is nearing its bottom, potentially triggering a bullish advance.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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