XRP Sees Weekly Recovery, 50-Week SMA Looms as Major Technical Level
XRP has maintained its weekly recovery, closing at around $1.41 as it continues to rebound from the $1.28 area. This price movement is reflected in the weekly XRP/USDT chart.
The 50-week Simple Moving Average (SMA) for XRP currently stands at $1.56, setting itself up as a key technical level for the asset.
This development comes amidst growing social media hype surrounding XRP, with some predicting potential price increases to levels over $1,000 in the near future.