XRP price is currently rising from a $0.5250 support level and could gain a bullish momentum if it clears the $0.5450 and $0.5500 resistance levels. It is trading above $0.5350 with positive signs, holding support above $0.5240.
The XRP/USD pair broke a key bearish trend line and now trades above the 100-hourly Simple Moving Average. On the upside, resistance is found around $0.5390, and successful clearance of this level could lead to $0.5500 or even $0.5750. However, a strong resistance may arise around the $0.600 mark.
In case of another decline, initial support lies at $0.5340, followed by $0.5280. A downside break could result in further declines toward the $0.5120 support zone. Technical indicators show a positive MACD and an RSI above 50, suggesting bullish potential.
