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Crypto Driver

08/09 01:43

XRP Shows Strength Above Support With Bullish Sign

XRP Shows Strength Above Support With Bullish Signs

Fibonacci retracement extensions provide a chart of potential future resistance if the rally perseveres. Key levels are the 1.618 extension at $4.23, 2.618 at $5.17, and 3.618 at $6.11. Those would be potential spots for traders to take profits or encounter selling pressure. XRP is currently below those targets but is remaining above key support.

RSI is 61.66, showing moderate bullish pressure. The RSI has come back from below 50, implying the buyers were back in charge after a temporary halt, but it is not yet overbought, so there is potential for further upward movements.XRPUSD_2025-08-08_11-03-51-768x417.png

There is a small bearish crossover for the MACD, with the MACD line being slightly lower than the signal line. Although histogram bars remain negative, they continue to decrease, showing bearish momentum is fading away. The setup could spark a bullish crossover sometime soon if the buying pressure strengthens.
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