XRPUSDT Gains by a Significant Margin

The XRP market is beginning to eye higher price levels as its value increased by 8.46% as of the time of writing. Judging by the current price action, it is likely that further price increases may be seen in the market over the coming sessions.

XRP Statistics

Current Price: $2.528

Market Capitalization: $152.87B

Circulating Supply: 60.1B XRP

Total Supply: 100B

CoinMarketCap Rank: 4

Key Levels:

Resistance: $3.000, $3.500, $4.000

Support: $2.500, $2.000, $1.800

XRPUSDT Market Continues Upward

For the second consecutive session, the XRP market has continued to move northwards. The latest price candle on the chart stands tall and strong above the 9-day Exponential Moving Average (EMA) line.

At the same time, the lines of the Stochastic Relative Strength Index (SRSI) indicator can be seen trending upward after successfully aborting a downward crossover. This implies that bullish forces remain dominant in this market and may continue to drive prices higher in the near term.

XRP Bulls Face Resistance

The upward movement appears to have met a notable resistance zone. Since the previous session, price action has turned slightly bearish. The latest price candle on the 4-hour XRP chart appears as a spinning top, which technically suggests indecision between market forces as of the time of writing.

The SRSI indicator lines remain near the 100 level, indicating that the market is still in overbought territory. Nevertheless, price action may retrace toward the EMA curve before possibly rebounding upward toward the $2.700 price level.

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