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<ul> 
 <li>XRP breaks free from a seven-month resistance trendline, indicating a bullish breakout.</li> 
 <li>Technical indicators suggest a potential for the <a href="https://cryptonewsland.com/xrp-price-prediction-2023-to-2031/">XRP price</a> to reach $0.75 with sustained buying momentum.</li> 
 <li>Market sentiment remains bullish for XRP, with indicators showing extreme greed and a positive outlook for future price growth.</li> 
</ul> 
XRP has shown a slight decrease in bullish momentum this week but has experienced a slow yet steady recovery, recently breaking out from a seven-month resistance trendline 
The cryptocurrency market has been on a bullish streak, surpassing the $2 trillion mark, with major coins rallying alongside Bitcoin. However, XRP has shown a decrease in bullish momentum this week. Despite this, the coin’s price has increased by 11% from its recent low of $0.534 to trade at $0.59. 
XRP has been experiencing a slow but steady recovery since last month, supported by an ascending trendline. The coin’s price recently broke out from a seven-month resistance trendline, indicating a potential bullish trend. However, the short body candle and low volume suggest a lack of strong conviction from buyers. 
If the buyers can sustain the price above the breached trendline, <a href="https://coinmarketcap.com/currencies/xrp/">XRP</a> may continue its recovery towards the $0.75 mark. The Bollinger Band indicator shows that the price is challenging the upper boundary, indicating active recovery momentum. Additionally, the MACD indicator has shown a bullish crossover, suggesting that buyers are in control of the asset. 
Based on <a href="https://coincodex.com/crypto/ripple/price-prediction/">current predictions</a>, the price of XRP is expected to rise by 27.06% and reach $0.754519 by March 6, 2024. Despite this positive outlook, traders should monitor the price closely, as a failure to sustain above the trendline could lead to a retracement back to the lower trendline. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/xrp-transaction-volume-surges-to-7-month-high-alongside-dev-activity/">XRP Transaction Volume Surges to 7-Month High Alongside Dev Activity</a></li>
 <li><a href="https://cryptonewsland.com/top-analysts-view-is-xrp-gearing-up-for-a-5000-rally/">Top Analyst’s View: Is XRP Gearing Up for a 5,000% Rally?</a></li>
 <li><a href="https://cryptonewsland.com/what-top-analyst-says-about-xrps-forthcoming-rally/">What Top Analyst Says About XRP’s Forthcoming Rally</a></li>
 <li><a href="https://cryptonewsland.com/what-could-propel-xrp-to-skyrocket-by-over-700-analyst-weighs-in/">What Could Propel XRP to Skyrocket by Over 700%? Analyst Weighs In</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-breaks-resistance-with-20-surge-eyes-further-gains/">Shiba Inu Breaks Resistance with 20% Surge, Eyes Further Gains</a></li>
</ul> 
The post <a href="https://cryptonewsland.com/xrp-price-breaks-through-7-month-resistance-eyes-0-75/">XRP Price Breaks Through 7-Month Resistance, Eyes $0.75</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

XRP Price Breaks Through 7-Month Resistance, Eyes $0.75

Crypto News Land

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