XRP price is currently moving higher, rebounding from the $0.5220 support level, indicating a potential bullish trend. If XRP manages to surpass the significant resistance levels at $0.5360 and $0.5450, it could gain bullish momentum, targeting higher resistances like $0.5500 and potentially $0.5750 in the future.
Currently, XRP is trading above $0.5340 and is positioned above the 100-hourly Simple Moving Average, further signaling bullish strength. Additionally, a connecting bullish trend line provides support at $0.5280. If XRP faces a downturn, support levels to watch are near $0.5285 and $0.5220.
The technical indicators highlight a bullish momentum, with the hourly MACD gaining pace in the bullish zone and the RSI standing above 50. However, if XRP can't surpass its resistance zones, it might experience declines, possibly downward to $0.5120 or the $0.5050 support zone.
