Resistance

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<p dir="ltr"><a href="https://u.today/these-xrp-and-dogecoin-doge-pairs-delisted-by-binance-amid-regulatory-firestorm" rel="noopener noreferrer nofollow">XRP</a> is currently trading at $0.4989, hovering just below the critical resistance level of $0.499. As the digital asset approaches this pivotal point, there are three potential scenarios that could unfold, each with its own set of implications for traders and <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">investors</a>.</p> 
<h2 dir="ltr" id="breakthrough-of-resistance-at-0-499-and-move-upward">Breakthrough of resistance at $0.499 and move upward</h2> 
<p dir="ltr">The first scenario involves XRP successfully breaking through the $0.499 resistance level. If this occurs, it would signal a bullish trend and could pave the way for further upward movement. A break above this resistance could attract more buyers, leading to a positive feedback loop that pushes the price even higher. The next resistance levels to watch would be around $0.52 and $0.55, where traders might look to take profits.</p> 
<img alt="XRP chart" data-entity-type="file" data-entity-uuid="543449b2-a727-48a6-9304-9fea81099429" src="https://u.today/sites/default/files/inline-images/image_95.png">Source: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a> 
<h2 dir="ltr" id="breakthrough-of-200-ema-following-successful-break-of-trendline-resistance">Breakthrough of 200 EMA following successful break of trendline resistance</h2> 
<p dir="ltr">The second scenario is a bit more complex but equally bullish. If <a href="https://u.today/shiba-inu-xrp-to-expand-global-reach-to-190-countries-via-this-partnership" rel="noopener noreferrer nofollow">XRP</a> manages to break through the $0.499 resistance, the next significant hurdle would be the 200-day Exponential Moving Average (EMA). A successful break above this EMA would further confirm the bullish trend and could lead to a more sustained rally. This would be a strong indicator for long-term investors that the asset has regained its upward momentum.</p> 
<h2 dir="ltr" id="failed-breakthroughs-and-move-down-toward-support-levels">Failed breakthroughs and move down toward support levels</h2> 
<p dir="ltr">The third scenario is bearish and involves a failure to break through the $0.499 resistance level. In this case, XRP could move downward toward the support level of the descending channel. However, a drop below this channel is unlikely due to the lack of volume and liquidity on the market. Additionally, there is another support level at $0.48 that could act as a safety net for the asset.</p>

XRP Price Has 3 Ways to Go After Hitting This Resistance

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