XRP price wiped out its weekly gains over the weekend and the altcoin steadied above $0.62, early on Monday.
XRP price held steady above the $0.62 level on Monday, recovering from its recent decline. The 2024 XRP Gold Coast conference, Digital Asset Summit and the SEC v. Ripple lawsuit deadline are the key events lined up for XRP. XRP supply on exchanges and active addresses note a downtrend on the weekly timeframe. XRP gains lost ground and begins recovery as traders anticipate activity in the altcoin with upcoming events.
Source: Santiment Technical analysis: XRP price could recover to $0.74 XRP price has steadied above $0.62 and the altcoin is likely to rally towards the $0.7440 level once its sweeps support at $0.57. The $0.60 level is a key psychological price for XRP, similarly $0.57 is important as the asset has rebounded from this level on several occasions in the past two months. XRP price could therefore sweep support at $0.57 or $0.60 and climb towards the March 11 high of $0.74.
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