XRP is showing a gradual upward movement, maintaining support above $0.5880. The price has tested the $0.6330 resistance zone and is now correcting its gains. Despite struggling to match Bitcoin's pace, XRP is trading above $0.5980 and its 100-hourly SMA, with a bullish trend line offering support near $0.5940.
A key support zone for XRP is at $0.5700, while resistance areas include $0.6150, $0.6220, and $0.6350. A successful move above $0.6350 could push the price further towards $0.6465, with potential extensions to $0.6720 and $0.6880 in the near term.
If XRP fails to overcome the $0.6150 resistance, it may face another decline, with crucial support seen at $0.5980 and $0.5940. Breaking below $0.5940 could steer the price towards the $0.5700 level.
Technical indicators reflect a slight slowdown in bullish momentum, with the hourly MACD losing pace and the RSI hovering above the 50 mark. Major support and resistance levels for XRP are $0.5980, $0.5940, $0.6150, and $0.6350 respectively.
