XRP Price Fights for Stable Climb: Will Bulls Win?

XRP price accelerated over $0.5800. Price rose toward $0.6150 resistance and corrected.

Like Bitcoin, XRP struggles to increase steadily.
The price is above $0.580 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support at $0.5780.

If it holds over $0.5720, the pair may rise again.

XRP Expects More Gains

XRP held over $0.5250. It built a base and rose over $0.5550, although the gains were less than Bitcoin and Ethereum. Above $0.5850 and $0.6000 resistance levels.

Before bears emerged, bulls drove the price over $0.6050. Before the retreat, $0.6162 was the high. Below $0.600, it reached $0.5640. After hitting a low of $0.6162, the price is rising again.

Price rose over $0.580 barrier. The price broke the 50% Fib retracement level of the latest slide from $0.6162 swing high to $0.5630 low.

The price is above $0.580 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support around $0.5780 is formed. On the upside, resistance may be approaching $0.5950 or the 61.8% Fib retracement level of the current slide from $0.6162 swing high to $0.5630 low.

Near $0.6040 is the first big resistance. The next hurdle may be $0.6150. A break over $0.6150 might push the price above $0.6220.

Price of XRP: XRPUSD on TradingView.com.
More advances might push the price toward $0.6350 or $0.6420. $0.6500 may be the next challenge.

Another Fall?
XRP may fall again if it fails to break $0.600. Initial negative support is $0.5820. Near $0.5780 and the trend line is the next important support.

If the price breaks down and closes below $0.5780, it may fall toward $0.5650. Near $0.5500 is the next key support.

Tech Indicators

Hourly MACD - XRP/USD MACD is rising in the positive zone.

XRP/USD's hourly RSI is over 50.

Key Support Levels: $0.5820, $0.5780.

Major resistance levels: $0.6000, $0.6150.

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