#MarketSentimentToday

Reclaiming $0.50, #XRP Indicators Suggest $1 Surge



XRP is rising beyond $0.500. Price may rise over $0.580 and $0.600 due to a favorable bias.


XRP is trying to regain over $0.50.
The price is above $0.5150 and the 100 SMA.


XRP/USD broke above a negative trend line with resistance at $0.5220 on the 4-hour chart.


Bullish momentum might result from a closure above $0.580 barrier.


XRP Price Rises


After a strong drop, XRP found support about $0.3880. Like Bitcoin and Ethereum, it built a base and rose beyond $0.450. Bulls broke $0.50 resistance.


Price rose over the 50% Fib retracement of the falling trend from $0.6420 swing high to $0.3875 low. In addition, the 4-hour XRP/USD chart broke above a negative trend line with resistance at $0.5220.


Current price is above $0.5150 and 100 SMA (4 hours). Resistance at $0.5650 is immediate. The 76.4% Fib retracement level of the bearish run from the $0.6420 swing high to the $0.3875 low is $0.5820, the next significant resistance.


Close over $0.5820 barrier might start a significant surge. Around $0.620 is the next resistance. Bulls may surge above $0.680 barrier if they stay above $0.620. More advances might push the price toward $0.700.


Another Drop?
XRP may fall again if it fails to break $0.5820. Initial downward support is $0.540.


The next significant support is $0.5150. If price breaks down and closes below $0.5150, it may accelerate lower. Prices may retest the $0.4650 support zone.


4-Hours MACD – XRP/USD's MACD is rising in the positive zone.


4-Hours RSI – XRP/USD's RSI is over 50.


Major Support Levels: $0.540, $0.5150, $0.4650.


Major resistance levels: $0.5650, $0.5820, $0.6200.$XRP #bitcoinhalving #Memecoins