#XRP将取代美元加密专家预测Ripple的XRP分类账在日本的主要作用

XRP price is struggling to break through the resistance at $0.5550. It must stay above the support area at $0.5250 to attempt new highs in the short term.

  • XRP price is consolidating above the $0.5320 area.

  • The current price is below $0.5500 and the 100-hour simple moving average.

  • On the hourly chart of XRP/USD, it fell below the connecting bullish trend line, with support at $0.5500 (data from Kraken).

  • If the currency pair breaks above the resistance levels of $0.5550 and $0.5580, it may gain bullish momentum.

XRP price is trading within a range

XRP price remains stable above the $0.5320 support area. It started to rise significantly above $0.550, but bears are active near the $0.5600 resistance area.

Before the price began to drop like Bitcoin and Ethereum, it formed a high at $0.5600. It fell below the levels of $0.5550 and $0.550. Additionally, on the hourly chart of XRP/USD, it fell below the connecting bullish trend line, with support at $0.5500.

The price has dropped below the 50% Fibonacci retracement level of the upward move from the $0.5375 swing low to the $0.5600 swing high. The current price is below $0.5460 and the 100-hour simple moving average.

Bulls are currently protecting the upward 76.4% Fibonacci retracement level from the $0.5375 swing low to the $0.5600 swing high. On the upside, the price may face resistance near $0.5460. The first major resistance level is around $0.5500.



The next key resistance level may be $0.5550. If it can clearly break above the resistance at $0.5550, the price may drop towards the $0.5600 resistance level. If the price rises further, it may drop towards the $0.5800 resistance level in the short term, or even $0.5880. The next major resistance level may be $0.6000.


Another drop?

If XRP fails to break through the resistance area at $0.5500, it may drop again. The initial support on the downside is around $0.5420. The next major support level is around $0.5365.

If a downside breakout occurs and closes below $0.5365, the price may continue to fall in the short term to the support level at $0.5320. The next major support level is around the $0.5250 area.

Technical Indicators



Hourly MACD – The MACD for XRP/USD is currently losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) — The RSI for XRP/USD is now below the 50 level.

Major support levels - $0.5420 and $0.5365.

Major resistance levels - $0.5500 and $0.5550.