### XRP Price Holds Steady: Breakout Imminent? 🚀💹
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XRP is currently holding at $0.5220, a critical support level. If this support holds, bulls might push for another rise.
- XRP struggles to break the $0.5350 barrier.
- The price is below $0.5320 and the 100-hour SMA.
- Binance data shows a negative trend line with resistance around $0.5280 on the hourly XRP/USD chart.
- The pair may rise again unless bears force it below $0.5220.
**XRP Maintains Key Support**
XRP has fallen again and tested $0.5220, similar to Bitcoin and Ethereum. Despite a dip below the $0.5220 support zone, bulls remained aggressive.
The price is now back above $0.5220 after hitting a low of $0.5192, and is around the 23.6% Fib retracement level of the decline from the $0.5405 swing high to the $0.5192 low. Currently, it is below $0.5320 and the 100-hourly Simple Moving Average.
Upward resistance is at $0.5280. On the hourly XRP/USD chart, a negative trend line with resistance around $0.5280 has formed. Initial resistance is near $0.5300, the 61.8% Fib retracement level of the drop from $0.5405 swing high to $0.5192 low. The price might rise if it closes above the $0.5300 barrier. The next resistance is around $0.5400.
A close above $0.5400 might lead to a continuous rise toward $0.5450. Further advances could push the price toward the $0.5650 barrier.
**Potential Downside?**
If XRP fails to break $0.5280, it may fall. Initial downside support is $0.5220. The next significant support is $0.5120. If the price breaks down and closes below $0.5120, it may accelerate downward, potentially retesting $0.50.
- Hourly MACD on XRP/USD is falling in the negative zone.
- The Relative Strength Index (RSI) for XRP/USD is below 50.
**Key Support Levels:** $0.5220, $0.5120
**Key Resistance Levels:** $0.5280, $0.5300
