XRP is maintaining a strong position against Bitcoin, holding firm above the $0.5020 support zone. Despite trading below $0.5200 and the 100-hourly Simple Moving Average, the price indicates a potential move above the $0.5250 resistance, with bullish momentum possible if it settles above the $0.5200 zone.
XRP recently extended losses below the $0.5120 support zone, but found limited losses compared to Bitcoin and Ethereum, with the price bouncing back from a low of $0.5025 to surpass the $0.5050 and $0.5120 resistance levels, breaching a key bearish trend line at $0.5185.
The next resistance levels include $0.5200 at the 61.8% Fib retracement level, followed by major resistance near $0.5240 and $0.5300. A rise above $0.5300 may lead the price towards the $0.5350 and $0.5500 resistances.
If XRP fails to clear the $0.5200 resistance, it could begin declining, with support at $0.5120 and $0.5085. A break below $0.5085 may see further declines heading back to the $0.5020 support.
