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The trading price of XRP is 0.5380 dollars, falling 0.25%, due to its consolidation within a symmetrical triangle pattern, indicating the possibility of a breakout in any direction. The immediate resistance is at 0.5436 dollars, slightly below the upper limit of the triangle, which could limit further pump.
If the price successfully breaks 0.5436 dollars, the next resistance level to follow is 0.5508 dollars and 0.5582 dollars.
On the bearish side, XRP obtained immediate support at 0.5297 dollars, then obtained stronger support at 0.5233 dollars and 0.5161 dollars.
The RSI is 55, indicating neutral momentum and room to move in either direction. The 50-day EMA is closely aligned with the 0.5355 dollar pivot point, providing a key support.
Falling below this level could trigger a significant dumping trend. On the contrarian, surpassing the resistance level of 0.5436 US dollars could further boost the uptrend.#XRP