XRP price is recovering higher above the $0.500 resistance. The price is signaling a positive bias and might rally above the $0.580 and $0.600 levels.
XRP is attempting a recovery wave above the $0.50 zone.
The price is now trading above $0.5150 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance at $0.5220 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
The pair could gain bullish momentum if there is a close above the $0.580 resistance.
XRP Price Aims Higher
After a sharp decline, XRP price found support near the $0.3880 zone. It formed a base and started a fresh increase above the $0.450 resistance, like Bitcoin and Ethereum. The bulls were able to push the price above the $0.50 resistance.
The price climbed above the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. Besides, there was a break above a key bearish trend line with resistance at $0.5220
We współpracy z: https://www.newsbtc.com/analysis/xrp/xrp-price-reclaims-0-50/
