XRP Price Could Return To $1.55 But Only If This Crucial Support Holds
XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin’s price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline. XRP finds itself in a similar situation as prices have corrected by over 7% in the past three days. Notably, the market analysis page, MCO Global, has shared some insights on this situation, discussing the altcoin’s potential to sustain its trendline or be exposed to major downside targets. Related Reading: XRP Leverage Expansion Raises Risks Near $1.50....
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XRP price must break a key resistance level before $1.00 becomes a real possibility. While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks. XRP’s price surged from $0.22 to a high of $0.78 during the month of November, which immediately ended up in a massive correction towards $0.45.Let's take a look at the XRP price charts to determine whether this was an entry opportunity before the next leg up.The crucial zone around $0.45 holds as supportXRP/USDT 1-day chart.....
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