XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace.
XRP price is correcting losses from the $0.5120 zone.
The price is now trading below $0.5380 and the 100-hourly Simple Moving Average.
There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could gain bullish momentum if it clears the $0.5360 resistance zone.
XRP Price Faces Many Hurdles
XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels.
The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low.
There was a break above a short-term bearish tre
We współpracy z: https://www.newsbtc.com/analysis/xrp/xrp-price-struggles-0-5360/
