The daily chart of XRP reveals that the price is currently confined within a crucial range, with a major resistance level at $0.55 and a significant support level at $0.47. As a result, the price has been moving horizontally for an extended period of time. This particular pattern is reminiscent of the one observed between August and November 2023, when XRP witnessed a sudden surge towards the $0.73 resistance level. During this period, XRP showcased its strength by surpassing both the 100-day and 200-day moving averages. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
