XRP's recent price action shows a struggle to maintain upward momentum, with the asset facing strong resistance around the $0.55 mark. The token has been attempting a relief rally after a significant drop below both $0.55 and the 200-day SMA.
Key levels to watch:
Support: $0.50 has proven to be a strong demand zone
Resistance: $0.55 remains a crucial level to overcome for bullish continuation.
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XRP's recent price action shows a struggle to maintain upward momentum, with the asset facing strong resistance around the $0.55 mark. The token has been attempting a relief rally after a significant drop below both $0.55 and the 200-day SMA.
Key levels to watch:
Support: $0.50 has proven to be a strong demand zone
Resistance: $0.55 remains a crucial level to overcome for bullish continuation.