XRP's price is holding steady above the $0.500 support zone, outperforming Bitcoin. The price shows potential for a move above the $0.5120 resistance, signaling possible bullish momentum.
The XRP price extended losses below $0.5050 but quickly rebounded, maintaining a higher stability compared to Bitcoin and Ethereum.
It increased once again, overcoming resistance levels at $0.4980 and $0.500, although still trading below $0.5100 and the 100-hourly SMA.
The price showed technical breakouts above certain resistance points, measured by the Fib retracement levels. The crucial challenges moving forward are resistance levels at $0.5080 and $0.5120, with potential to reach up to $0.5350 if momentum continues.
However, should XRP fail to clear these resistances, a decline might ensue with critical support positioned at $0.4950 and $0.500.
Key indicators such as the MACD and RSI support possible bullish trends. Major support levels are noted at $0.5000 and $0.4950, while resistance levels are seen at $0.5080 and $0.5120.
