XRP Aims Higher: Key Resistance Break Could Trigger Rally
2024-11-12

The XRP/USDT chart reveals a potential upward trajectory with a few critical levels to watch. Currently trading around $0.6165, XRP is approaching a significant resistance zone between $0.6344 and $0.5800, as marked on the chart. If it manages to break above this resistance, the next target could align with the Fibonacci 1.618 level around $0.7722.

In the near term, a slight pullback might occur within the resistance zone, allowing for consolidation before another attempt to push higher. The moving averages below provide a supportive base, keeping the general trend upward.

This technical setup suggests a bullish outlook, with XRP possibly targeting the higher levels if buying momentum sustains.