XRP price is having difficulty surpassing the $0.600 resistance, and is currently trading below $0.590 and the 100-hour Simple Moving Average. A bearish trend line with resistance at $0.5850 is forming on the hourly chart.
The price dipped below $0.5880 and $0.580, reaching a low at $0.5744 before attempting a recovery. Initial resistance lies at $0.5850 and $0.5880, with major support levels at $0.5765 and $0.5750.
Further gains may face resistance around $0.5920, $0.5950, and $0.600, while a failure to clear $0.5850 could lead to declines towards $0.5640 or even $0.5500.
Technical indicators show that the hourly MACD for XRP/USD is losing pace in the bullish zone, and the RSI is below the 50 level.
