XRP price is attempting an upside break above $0.5920, and it could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. Currently, the price is trading above $0.5780 and the 100-hourly Simple Moving Average.
The price remained well-supported above $0.5700 and started a fresh increase like Bitcoin and Ethereum. XRP was able to surpass $0.580 and $0.5850 resistance levels, even pushing above $0.5920 but failed to reach $0.60.
Recently, a downside correction occurred, dipping below the $0.5880 support level but finding support near $0.5780. The 50% Fib retracement level of the upward move from the $0.5622 swing low to the $0.5941 high acted as support.
On the upside, XRP might face resistance near $0.5880 and $0.5920, with the next key resistance at $0.600. A move above $0.600 could target $0.6160, $0.6250, or even $0.6350 in the near term.
If XRP fails to clear $0.5880, it may see another decline with initial support near $0.5780 and major support at $0.5740. A break below $0.5740 could lead to a decline toward $0.5650 or even $0.560.
The Hourly MACD is losing pace in the bullish zone, and the RSI for XRP/USD is below the 50 level. Major support levels are at $0.5780 and $0.5740, with resistance levels at $0.5920 and $0.600.
