XRP Rises: Will It Break $0.60?


XRP rose over $0.550 barrier. Positive signals suggest price might rise over $0.5850 and $0.600.

XRP rose over $0.550 barrier again.

The price is above $0.550 and the 100-hour SMA.

The hourly XRP/USD chart shows a bullish trend line with support around $0.5620

If the pair closes over $0.600 barrier, gains may continue.

XRP Recovers

XRP created a base above $0.525 and began rising. The price overcame $0.5450 barrier to return to Ethereum and Bitcoin's positive zone.

It also broke $0.5650 resistance. Price is holding gains after hitting $0.5925. Below the 23.6% Fib retracement level of the upward advance from $0.5330 swing low to $0.5925 high, prices fell somewhat.


The price is above $0.5550 and the 100-hour SMA. On the hourly XRP/USD chart, a positive trend line connects to $0.5620 support.

The price faces upward resistance at $0.5950. First big resistance is at $0.600. The next hurdle may be $0.620. A clean break above $0.620 might push the price above $0.6380. Near $0.650 is the next big resistance. More advances might push price toward $0.6880 barrier.

Dips supported?
If XRP fails to break $0.600, it might fall. Initial downside support is at $0.5620, the trend line, and the 50% Fib retracement level of the upward run from $0.5330 swing low to $0.5925 high.

The next significant support is $0.550. After a negative break and closing below $0.550, the price may fall toward $0.5350.

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