XRP Price Fights for a Steady Climb: Will Bulls Prevail?
XRP price is struggling to rise steadily like Bitcoin, with the price currently trading above $0.580 and the 100-hourly Simple Moving Average. A key bullish trend line is forming with support at $0.5780 on the hourly chart of the XRP/USD pair. The pair could start a fresh increase if it stays above the $0.5720 support zone. The price formed a base and started a fresh increase above $0.5550, but gains were limited compared to Bitcoin and Ethereum.
The price surpassed the 50% Fib retracement level of the recent decline from the $0.6162 swing high to the $0.5630 low. If XRP fails to clear the $0.600 resistance zone, it could start another decline. Technical indicators include the Hourly MACD gaining pace in the bullish zone, the RSI above the 50 level, major support levels at $0.5820 and $0.5780, and major resistance levels at $0.6000 and $0.6150.
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