Technical analysis by Edward_Fibonacci about Symbol XRP: Buy recommendation (10/29/2024)

On the XRPUSDT chart, I notice that the price is currently clinging to the long-term uptrend line, indicating strong support at this area. If XRP continues to hold above the trendline, there is a possibility of a bounce back towards important resistance areas.Two targets to watch:The first resistance zone is around 0.5600 USDT, where XRP may encounter selling pressure. If it is broken, this will strengthen investors' confidence in the short-term uptrend.The next resistance zone is at 0.6600 USDT. This is a higher target level and needs a strong momentum to break, opening the door for a long-term increase.