The Dip in XRP Price and Support at $0.4700 XRP, one of the top cryptocurrencies, experienced a dip in its price recently. However, the bulls were quick to step in and provide support near the $0.4700 level. This support level has been a key area for XRP's price action in the past and it once again proved to be a significant level for the cryptocurrency. Reclaiming the 100-hourly SMA After bouncing off the $0.4700 support, XRP's price managed to reclaim the 100-hourly Simple Moving Average (SMA). This is a positive sign for the cryptocurrency as it indicates that the bulls are in control and are looking to push the price higher. The 100-hourly SMA is considered a crucial technical indicator and a break above it could lead to further gains for XRP. Potential for Continued Rise if $0.4950 is Cleared The next key level for XRP's price is around $0.4950. If the cryptocurrency manages to clear this level, it could open the doors for a continued rise. This level has be...
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