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.
Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move fro
We współpracy z: https://www.newsbtc.com/analysis/xrp/xrp-price-recovery-fade-0-5440/
