XRP Price Fights Resistance: Will Bulls Regain?

XRP is stabilizing over $0.5450. The price must break $0.5800 to rise soon.

The XRP price is trying to rise over $0.5650.
The price is below $0.580 and the 100-hour SMA.

On the hourly XRP/USD chart, a negative trend line with resistance at $0.570 is formed.

If it breaks $0.580 barrier, the pair may rise again.

Price of XRP May Breakout
XRP sustained losses and surged below $0.550. It tested $0.5450. The price is trying to rise again like Bitcoin and Ethereum after a low of $0.5457.

Price rose over $0.5550 and $0.5600. Price rose over the 50% Fib retracement of the falling trend from $0.6020 swing high to $0.5457 low. However, bears are aggressive at $0.580 resistance.

On the hourly XRP/USD chart, a negative trend line with resistance at $0.570 is formed. The price is below $0.570 and the 100-hour SMA.

The price faces resistance at $0.570 on the upside. Near $0.580 is the first big obstacle. It is around the 61.8% Fib retracement of the $0.6020 swing high to $0.5457 low decline.

The next hurdle may be $0.5850. A break above $0.5850 might push the price above $0.6050. Near $0.6200 is the next significant resistance. More advances might push the price toward $0.6320 or $0.650.

XRP may fall again if it fails to break $0.580. Initial downside support is $0.5580. The next significant support is $0.5450.

A downward break and closing below $0.5450 might push the price around $0.5320. The next significant support is $0.5250.

Hourly MACD on XRP/USD is falling in the negative zone.

Hourly RSI (Relative Strength Index): XRP/USD is at 50.

Key Support Levels: $0.5580, $0.5450.

Major resistance levels: $0.5700, $0.5800.

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