XRP Price Prediction: XRP Holds Gains Above $0.5500, Bulls Aiming for Upside Break above $0.620 Resistance

XRP price is holding gains above the $0.5500 zone. It seems like the bulls are aiming for a key upside break above the $0.620 resistance.

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XRP price analysis reveals that the coin is experiencing a positive trend and aiming for higher ground. From the technical perspective, XRP price encountered resistance at $0.6420. However, bulls remained strong and pushed the price above the triangle resistance and $0.6420. As a result, the next key barrier sits near the $0.6650 and $0.6720 levels.

A convincing move and close above the $0.6720 resistance zone could set the tone for more upsides. In the stated case, the price might climb and test the $0.780 resistance. Any more gains might open the doors for a test of $0.80.

On the other hand, if XRP fails to settle above the triangle resistance or $0.6420, there could be a downside correction. Immediate support sits near the $0.5350 level and the 50-day simple moving average.

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