<a href="https://cryptotale.org/a-comprehensive-review-of-ripple-and-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> has seen a <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">7.48%</a> increase over the past week, bringing the cryptocurrency near the $0.60 threshold. In the past, XRP has failed to stay above this crucial level and has faced a lot of pushback. The recent rally provides new hope that the upward movement might continue, but the future of this rally is still unclear. The price of XRP would have to break and hold above this crucial resistance level for this momentum to be sustained.Analyst’s Bullish OutlookOn Monday, crypto analyst Dark Defender posted in an X post that <a href="https://cryptotale.org/xrp-eyes-0-6500-as-analyst-highlights-key-resistance-break/" rel="noopener noreferrer nofollow">XRP</a> has a successful breakout and retests on the weekly Relative Strength Index (RSI). The RSI has reached its peak in more than a month. This strong position shows a positive outlook, and the price may still rise in the near future.According to analysis, XRP may break past the $0.6044 and then start with the next level which is $0.6649. The analyst pointed out that this is a positive sign for XRP and that a more sustainable rebound might follow. The Relative Strength Index (RSI) is at 52.70, which shows that there was an increase in buying pressures. If the RSI stays here more buying pressure for XRP is expected to come into the market.Related:<a href="https://cryptotale.org/xrp-set-for-bullish-breakout-as-analysts-eye-key-resistance/" rel="noopener noreferrer nofollow">https://cryptotale.org/xrp-set-for-bullish-breakout-as-analysts-eye-key-resistance/</a><a href="https://cryptotale.org/xrp-eyes-0-60-mark-amid-bullish-momentum-can-it-hold/" 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>|

XRP Eyes $0.60 Mark Amid Bullish Momentum: Can It Hold?

CryptoTale

Other articles published on Sep 16, 2024

Bhutan’s Bitcoin mining stash exceeds $750m: Arkham

MicroStrategy Issues $700 Million in New Bonds

What Is the Telegram-Based Catizen Game?

PancakeSwap Launches AI-Powered Prediction Bot on Telegram

Marathon Digital adds over 5,000 BTC to its holdings in the last month

Succinct Labs and OP Labs Team Up to Launch New Zero-Knowledge Proof Solution

Join our free newsletter for daily crypto updates!