XRP is aiming to reach the $0.60 price level for the first time this year, but it must close above $0.55 to have a chance. The asset is defending the $0.41 support level and recently broke above the $0.50 territory. Analyst Egrag believes XRP needs to close above $0.55 for bullish continuation and is following the "Yellow Track" to hit higher highs. Another analyst, Morecryptoonline, notes that XRP is slipping towards the resistance territory between $0.4973 and $0.5472, which represents the ideal Fibonacci resistance points for Wave 2.
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XRP Needs to Close Above $0.55 for Bullish Continuation, Says Analyst
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