XRP's price is consolidating, showing support at $0.5080 and currently trading above $0.5250 alongside the 100-hourly Simple Moving Average. The cryptocurrency faces key resistance at the $0.5450 mark, where a bearish trend line is forming.
If XRP manages to break through the $0.5450 and $0.5500 resistance levels, it could gain significant upward momentum. However, failing to overcome these barriers might result in a decline, potentially lowering the price back towards $0.5250 or below.