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XRP is still thriving despite SEC issues, Price is presently trading above $0.7000

Like bitcoin, Ripple is trading in a positive zone above $0.6000 against the US Dollar. That’s, If the price of XRP breaks through the $0.7250 barrier zone, it may continue to rise.

After a significant drop, the price of ripple found support near the $0.5500 level versus the US Dollar. Also, The XRP/USD pair created a base and began to rise steadily over the $0.6000 resistance level.

Notably, After clearing the $0.6200 and $0.6250 levels, the couple picked up speed. On the 4-hours chart of the XRP/USD pair, there was also a break over a significant negative trend line with resistance near $0.6680. The pair even broke through the 50% Fib retracement level of the decline from the $0.8070 swing high to the $0.5500 low.

Additionally, XRP is now trading above the 55 simple moving average and over $0.7000. (4-hours). Near the $0.7250 mark, there is instant resistance. Near the $0.7450 level, the next major resistance is visible.

Near the $0.7450 level, the 76.4 percent Fib retracement level of the downward move from the $0.8070 swing high to $0.5500 low acts as resistance. Also, Any further rises could push the xrp price towards $0.8200. Then, The xrp price may correct lower if there is no upside break over $0.7250.

Near the $0.7020 level, there is immediate support on the downside. Near the $0.6500 level and the broken trend line, the next key support is found. So, Any further losses could push the price towards the $0.6200 level and the 55 SMA (4-hours).

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.