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XRP price smashed the upper resistance after a consolidation for more than a couple of days
The massive infused volume rallied the price above $0.6, yet again fail to break the resistance at $0.65
Will XRP Price Ever Smash $1?
The XRP price is re-attempting to surge towards $0.6 levels, close to $0.8 yet once again. The price was on the verge of breaking the upper resistance levels of the triangle since the previous trading day. Yet, the price at the time of writing is experiencing a notable pull back dragging the price close to $0.61.
The huge influx of trading volume of nearly $6,358,795,265 which is 32.88% more than the previous trading day, assisted the price rally. However, the rally appears to have faded as a couple of bearish candles haunt the XRP price rally.
The induced volume is better but still insufficient for a better bull run that could rally the price close to $0.8 and eventually above $1. Therefore the bulls currently are required to take back the control before the bears out powers and jump the price notably.
Despite a slight pull back, many analysts still believe XRP price may hit $1 currently and $10 in near future. Despite the remarkable surge, the price is still less than 80% from it’s all-time high of $3.29.
At the time of writing, the XRP price is $0.6283 with a massive jump of 6.64% compared to the last trading day. However, it is crucial for the price to hold strong above $0.6 levels and head towards the resistance levels at $0.64 initially and later at $0.7.