The post Three XRP Price Levels It Has to Conquer For Bull Run Start appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP is currently in a critical phase, battling for a right to enter a potential bull run. For this to happen, there are three key price levels that XRP must breach. The journey toward a bull run for XRP appears tough, with significant resistance levels lying in wait. The first hurdle for XRP is at approximately $0.63, which coincides with the 50-day exponential moving average. The 50 EMA is a widely watched technical indicator that often acts as a resistance or support level. For XRP, this level has been a point of contention, where bulls and bears have battled for dominance. A conclusive break above this level could signal a shift in market sentiment from bearish to bullish. XRP/USDT Chart by TradingView Ascending beyond the 50 EMA, the next level of resistance stands at around $0.67. This level has previously acted as a strong resistance point and a point of a breakdown. The asset’s inability to maintain momentum past this point has resulted in pullbacks, underscoring the importance of this level for traders. A decisive climb past $0.67 would be a significant show of strength, potentially paving the way for further gains. The third and perhaps most critical level is at $0.71. This particular price point is where XRP experienced a sharp downturn in November, leading to…

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Filed under: News - @ December 24, 2023 10:10 am