XRP's price made a move above the $0.5500 support, spiking toward $0.5780 before losing most gains. It's currently trading above $0.5320, supported by a key bullish trend line at $0.5360. If it stays above the $0.5250 support, a fresh increase is possible.
XRP recently saw support above $0.5150, increasing past $0.5250 along with Bitcoin and Ethereum. Resistance levels at $0.5600 and $0.5650 stand, with potential for further gains reaching $0.6000.
If XRP cannot clear the $0.5650 resistance, the price may fall. Initial support is $0.5450 with further support at $0.5360. A break below could see it fall to $0.5250 or $0.5120.
Technical indicators: Hourly MACD is losing pace in the bullish zone, and the RSI is below 50. Major support and resistance levels are $0.5450 and $0.5600, respectively.
