XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term.
- XRP is attempting a recovery wave above the $0.450 zone.
- The price is now trading below $0.550 and the 100 simple moving average (4 hours).
- There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
- The pair could gain bearish momentum if there is a close below the $0.4550 support.
XRP Price Turns Red
After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support.
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