The XRP cryptocurrency has overcome resistance at 54 cents and continues to grow. Let's look at a few technical indicators that may explain the current rise in XRP price:
1. The price has overcome a key level:
- Resistance at 54 cents has become support, allowing buyers to move towards the next target of 68 cents.
2. Strong purchase volume:
- Buyers have dominated the chart over the past two days, and XRP has not seen such high buying volume since early January.
3. Momentum indicators indicate a breakout:
- The 3-day RSI reached a higher high and broke above its moving average, indicating bullish momentum.