XRP price is attempting a recovery wave from the $0.4880 zone, needing to clear $0.5200 and $0.5320 resistance levels for a significant increase. Currently trading below $0.5220 and the 100-hourly Simple Moving Average, XRP shows a break above a bearish trend line with resistance at $0.5150.
The price faces resistance near the $0.5200 and $0.5220 levels, crucial for gaining bullish momentum. If successful, XRP could target $0.5500, $0.5550, or even $0.5620. Failing to clear $0.5220 might result in another decline toward $0.5050 and $0.5000 support levels.
Technical indicators show that the hourly MACD for XRP/USD is losing pace in the bullish zone, while the RSI is above the 50 level. Major support levels are located at $0.5050 and $0.5000, with resistance levels at $0.5220 and $0.5320.
