<ul><li>XRP hits major resistance at $0.64, boosted by US regulatory clarity, now consolidating around $0.60.</li><li>Moving averages suggest strong support at $0.5563 and $0.5186, with short-term resistance at $0.6066.</li><li>XRP tests multi-year trendline resistance whereby a breakout could target $0.8000, while failure might revisit lower lows.</li></ul>XRP has recently captured significant attention as it faces major resistance at the $0.64 mark, per EGRAG CRYPTO, a top analyst. This pivotal price point draws keen interest from traders and investors, particularly following the <a href="https://cryptotale.org/xrp-soars-23-in-market-cap-following-regulatory-clarity/" rel="noopener noreferrer nofollow">recent regulatory</a> clarity received in the United States.Examining the recent price action on a one-hour chart reveals some crucial insights. XRP’s price has been rising from a support level of around $0.4922 to the current resistance level of $0.6434, revealing a recent uptrend.This bullish movement suggests positive market sentiment, likely fueled by recent news. However, the price has experienced a minor pullback to approximately $0.6031, indicating a consolidation phase.Key moving averages offer additional insight into <a href="https://cryptotale.org/analyst-predicts-xrp-surge-to-3-5-short-term-long-term-target-at-25/" rel="noopener noreferrer nofollow">XRP’s</a> price action. The 7-day moving average, at $0.6066, presents short-term resistance. In contrast, the 25-day and 99-day moving averages, at $0.5563 and $0.5186, respectively, provide stronger support. These averages highlight a solid support base that could cushion the price against deeper retracements.<a href="https://cryptotale.org/analysts-will-xrp-break-multi-year-resistance-or-face-pullback/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analysts: Will XRP Break Multi-Year Resistance or Face Pullback?

CryptoTale

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