Breaking This Resistance Could Cause XRP Price to Rise
XRP is trying to break $0.4750 barrier. If price breaks $0.480 barrier, upward momentum may develop.
XRP is currently battling to break $0.4800 barrier.
The price is above $0.4750 and the 100-hour SMA.
XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart.
Bullish momentum may result from a closure above $0.480 barrier.
Another XRP Recovery
XRP price has been holding over $0.4620 and began rising like Bitcoin and Ethereum. Bulls pushed the price over $0.470 into a short-term positive zone.
XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart. The pair broke the $0.4750 resistance zone and 100-hourly SMA. After hitting $0.4796, the price is consolidating losses.
The price is challenging the 23.6% Fib retracement of the gain from $0.4694 swing low to $0.4796 high. It's above $0.4750 and the 100-hour SMA.
The price faces upward resistance at $0.4790. Near $0.4800 is the first big resistance. Near $0.4825 is the major obstacle. A clean break above $0.4825 might push the market above $0.4880.
Near $0.5050 is the next significant resistance. Close over $0.5050 barrier might push price toward $0.5250. More advances might push price toward $0.5320 barrier.
XRP may fall again if it fails to break $0.480. Initial downside support is approaching $0.4745 and the 50% Fib retracement level of the bullish advance from $0.4694 swing low to $0.4796 high.
The 100-hourly Simple Moving Average and $0.4730 provide next significant support. If the price breaks down and closes below $0.4730, it may fall further. The price might go below $0.4640 in the short term.
