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XRP Price Consolidates Below $2.50 After 350% Rally
After a great run of 350% in the past month, the XRP price was around $2.20 in early December. It has entered the top 5 cryptocurrencies with a market cap of $131 billion. However, XRP is now consolidating below the $2.50 resistance level.
Despite attempts to recover, the price remains under pressure, trading below the 100-hourly SMA. Analysts say a key bearish trend line with resistance at $2.50 is forming. A clear break above this level could push XRP toward $2.85 in the short term.
However, the $3 level remains a significant hurdle for the bulls. If XRP fails to break above $2.50, it risks further decline to the key support level of $2.05. The MACD is also losing bullish momentum, and the RSI below 50 …
The post RCO Finance’s Rally Mirrors the XRP Price Early Growth, 22,000% Gains Predicted for 2025 appeared first on Coin Edition.
