XRP price is consolidating below the $0.538 resistance. The price could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels.
XRP is struggling to clear the $0.5350 and $0.5380 resistance levels.
The price is now trading above $0.520 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
The pair could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels.
XRP Price Eyes Fresh Rally
In the past few days, XRP price recovered higher from the $0.4980 zone. There was a move above the $0.505 and $0.5120 resistance levels. However, the bears remained active near the $0.5380 resistance and protected more upsides, unlike Bitcoin and Ethereum.
The recent high was formed at $0.5375 before there was a downside correction. There was a move below the $0.5220 level. The price even spiked below the 50% Fib retracement level of the upward
We współpracy z: https://www.newsbtc.com/analysis/xrp/xrp-price-prediction-rally-above-0-550/
