XRP's price continues its downtrend, trading below the $0.5300 mark and 100-hourly SMA, signaling potential bearish control. A connecting bearish trend line presents resistance at $0.5285, while a breakout above $0.5350 and $0.5450 is necessary for bullish momentum.
The price tested and failed to rise beyond $0.5350, leading to a decline below $0.5250. Despite some gains, XRP remains below crucial resistance levels and exhibits limited loss relative to Bitcoin and Ethereum. Technical indicators highlight a weakening bearish zone with support levels at $0.5220 and $0.5200.
Resistance zones are crucial for advancement, with potential targets at $0.5650 and $0.580. However, failure to breach the $0.5350 resistance could lead to further descent, testing supports at $0.5150 and $0.5080.
