XRP Price Uphill Task: Can It Break Through the Resistance?

XRP price is consolidating looming the $0.5400 level. The price must clear the $0.5520 and $0.5600 resistance levels to prelude a recovery wave.

• XRP price is handling to gain pace for a move looming the $0.5550 zone.
• The price is now trading under $0.550 and the 100-hourly Mild Sending Plain.
• There is a securing bearish craze pitch developing through resistance at $0.550 on the hourly graph of the XRP/USD pair (information resource from Sea serpent).
• The pair can deny once again if it stops working to clear $0.5520 and $0.5600.

XRP Price Challenges Resistance

XRP price remained in a selection under $0.5650 prefer Bitcoin and Ethereum. There was a fresh deny, and the price retested the $0.540 maintain zone. A ignored was formed at $0.5400 and the price is now consolidating.

There was a tiny intensification looming the $0.5420 level. The price outdid the 23.6% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 ignored. Yet, the bears show up to be nimble uninfluenced the $0.550 and $0.5520 levels.

The price is now trading under $0.550 and the 100-hourly Mild Sending Plain. On the upside, the price can face resistance uninfluenced the $0.550 level. There is also a securing bearish craze pitch developing through resistance at $0.550 on the hourly graph of the XRP/USD pair.

The first cut-and-dried out resistance is uninfluenced the $0.5550 level or the 76.4% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 ignored.

The next puzzlement resistance can be $0.5600. A clear move looming the $0.5600 resistance can send out the price toward the $0.5650 resistance. The next cut-and-dried out resistance is uninfluenced the $0.5720 level. Any much more gains can send out the price toward the $0.5880 resistance or even $0.600 in the uninfluenced term.

An additional Refute?

If XRP stops working to clear the $0.5550 resistance zone, it can prelude an additional deny. Initially maintain on the imperfection is uninfluenced the $0.5420 level. The next cut-and-dried out maintain is $0.5400.

If there is a imperfection reprieve and a comfy under the $0.5400 level, the price can intensification to deny toward the $0.5320 maintain in the uninfluenced term. The next cut-and-dried out maintain rests at $0.5250.

Techie Indicators

Hourly MACD – The MACD for XRP/USD is now wasting pace in the bearish zone.

Hourly RSI (Loved one Viabilities Index) – The RSI for XRP/USD is now under the 50 level.

Considerable Stabilize Levels – $0.5400 and $0.5320.

Considerable Resistance Levels – $0.5500 and $0.5600.