XRP Range-Bound: Will It Move?
XRP is battling to break $0.5550. To grow soon, it needs remain above $0.5250.
XRP is stabilizing over $0.5320.
The price is below $0.5500 and the 100-hour SMA.
On the hourly XRP/USD chart, a bullish trend line with support at $0.5500 broke.
The pair may rise if it breaks $0.5550 and $0.5580 barriers.
Price Ranges for XRP
Above the $0.5320 support zone, XRP held steady. As it rose over $0.550, bears were aggressive at the $0.5600 resistance zone.
The price peaked at $0.5600 before falling like Bitcoin and Ethereum. Below $0.5550 and $0.550, prices fell. Additionally, the hourly XRP/USD chart broke below a positive trend line with support at $0.5500.
The price fell below the 50% Fib retracement line of the $0.5375 swing low to $0.5600 high. The price is below $0.5460 and the 100-hour SMA.
Bulls are guarding the 76.4% Fib retracement of the $0.5375 swing low to $0.5600 high. Price may find resistance at $0.5460 on the upside. First significant resistance is about $0.5500.
The next hurdle may be $0.5550. A clean break above $0.5550 might push the stock above $0.5600. More advances might push the price toward $0.5800 or $0.5880. $0.6000 may be the next challenge.
Another Drop?
XRP may fall again if it fails to break $0.5500. Initial downside support is $0.5420. Near $0.5365 is the next important support.
If the price breaks down and closes below $0.5365, it may fall toward $0.5320. Near $0.5250 is the next key support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $0.5420, $0.5365.
Key Resistance Levels: $0.5500, $0.5550.
