The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xrp-price-analysis-retest-prolongs-for-xrp-next-stop-0-60/">XRP Price Analysis: Retest Prolongs For XRP, Next Stop $0.60?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Struggling to make a comeback from the low of $0.46, XRP price faces volatility above the psychological mark of $0.50. Moreover, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">Ripple price</a> undergoes a retracement with the recent bounce back facing overhead supply.&nbsp; 
Nevertheless, the retracement comes as a retest in the broader framework, keeping the bullish hopes high.&nbsp; 
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 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-1024x463.png" alt="" class="wp-image-232995" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/27112152/XRPUSD_2023-09-27_11-21-41.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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In the daily chart, the XRP price action shows a sharp retracement from $0.82 to $0.46 over the past months. However, the price action displays a falling channel breakout supporting the reversal chances.&nbsp; 
The breakout rally fails to surpass the $0.55 supply zone, resulting in a retracement to retest the broken resistance trendline. Currently, the Ripple price action shows multiple lower price rejection candles forming at the trendline, increasing the reversal chances.&nbsp; 
Moreover, the XRP price trades at $0.50 with minimal intraday movement, reflecting the altcoin overcoming the supply effect.&nbsp; 
Technical Indicators: 
RSI indicator: Similar to the XRP price movement, the daily RSI line transcends into a declining phase to cross under the halfway line.&nbsp; 
MACD indicator: The declining trend in the bullish histograms warns of a bearish crossover in the MACD and signal lines. 
<h2 class="wp-block-heading" id="h-will-xrp-price-cross-above-0-55">Will XRP Price Cross Above $0.55?</h2> 
The technical indicators and the declining XRP price trend paint a bearish picture of the short-term trend. However, the retest possibility keeps the buyers in play and projects a reversal possibility. Moreover, the lower price rejections support the buyers.&nbsp; 
Therefore, the reversal rally has a high possibility of crossing over the $0.55 mark. Conversely, a bearish turn can retest the $0.46 support level.&nbsp;&nbsp;

XRP Price Analysis: Retest Prolongs For XRP, Next Stop $0.60?

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