Cryptocurrency

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   Dec 08, 2023 at 08:23 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/d2c/900_900_1/fj6v5m0ub7koezuaxgfowu1wnkmb5v02.jpg" width="900" height="563" alt="The moving average lines are now below the XRP price bars" title=""> 
 <p><strong>Cryptocurrency analysts of Coinidol.com report, the price of XRP has broken out of the moving average lines and regained bullish momentum. </strong></p> 
 <h2 style="text-align: justify;" id="xrp-price-long-term-forecast-bullish">XRP price long term forecast: bullish </h2> 
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 <p style="text-align: justify;"> The cryptocurrency experienced a price spike on December 4, which led to trading above the moving average lines. The cryptocurrency value has recovered above the moving average lines and is now above the 21-day SMA support. </p> 
 <p style="text-align: justify;"> The altcoin is trading at $0.64 at the time of writing. The initial resistance for the positive momentum is the high of $0.65. XRP is expected to rise to its previous high of $0.75 if the resistance is broken at this point. It will be necessary for XRP to move sideways above the moving average if the bullish momentum is neutralized. </p> 
 <h2 style="text-align: justify;" id="xrp-indicator-analysis"> XRP indicator analysis </h2> 
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 <p style="text-align: justify;"> The moving average lines are now below the XRP price bars. During the recent price activity, the cryptocurrency was trapped between the moving average lines. The altcoin has a chance to experience significant growth in cryptocurrency value. The horizontally sloping moving average lines are due to the sideways trend. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="XRPUSD_ (Daily Chart) – Dec. 08.23.jpg" src="https://cdn.thebittimes.com/images/2023/12/08/d9b69bb059fbe962b5f346b11fc31854.webp" height="511" title="XRPUSD_ (Daily Chart) – Dec. 08.23.jpg"><br> </p> 
 <h3 style="text-align: justify;" id="technical-indicators"> Technical indicators: </h3> 
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 <p style="text-align: justify;"> <b>Key resistance levels – $0.80 and $1.00 </b> </p> 
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 <p style="text-align: justify;"> <b> Key support levels – $0.40 and $0.20</b> </p> 
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-xrp"> What is the next move for XRP? </h2> 
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 <p style="text-align: justify;"> The altcoin is currently trading above the moving average lines. The resistance level of $0.65 has halted the uptrend. In the past, the price of August 9 served as the current resistance level. It can be assumed that the altcoin will overcome the resistance it previously faced. The altcoin is currently on a downward retreat. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="XRPUSD_4 Hour chart - Dec.08.23.jpg" src="https://cdn.thebittimes.com/images/2023/12/08/46e94f7e0acd74aa0e5d0c7e728534c4.webp" height="551" title="XRPUSD_4 Hour chart - Dec.08.23.jpg"><br> </p> 
 <p style="text-align: justify;"> As we reported on December 2, doji candlesticks cause the price movement between the moving average lines to be slower. At the time of writing, the price of XRP is at $0.61.&nbsp; </p> 
 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer.&nbsp;This <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing&nbsp;in funds.</span></i> </p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/xrp-experiences-a-price-surge-and-reaches-a-high-of-0-65-tbt73051.html">https://thebittimes.com/xrp-experiences-a-price-surge-and-reaches-a-high-of-0-65-tbt73051.html</a></p>

XRP Experiences A Price Surge And Reaches A High Of $0.65

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