XRP Price Poised for $2.00 Breakout with ETF Approval? Analysts Weigh In

Published 24/05/2024, 13:30
XRP Price Poised for $2.00 Breakout with ETF Approval? Analysts Weigh In
XRP/USD
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Coin Edition -

  • XRP’s rising lower trendline at $0.44 indicates strong support since mid-2020, crucial for its bullish bias.
  • Breakout above $0.60 resistance could propel XRP to $2.20, mirroring early 2021 highs.
  • MACD signals hint at waning momentum but potential for a trend reversal, sparking anticipation for a breakout.

The anticipation surrounding the potential approval of the XRP ETF is causing ripples of excitement within the cryptocurrency community as highlighted by Captain Faibik, an analyst. With key support and resistance levels in focus, traders are closely eyeing the dynamics of this digital asset, poised for a potential breakout.

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