Rally

Bitcoin

Resistance

XRP price is correcting gains from the $0.620 resistance against the US Dollar. The price might test the $0.5760 support, where the bulls could take a stand. 
<ul> 
 <li>XRP started a strong increase above the $0.580 resistance.</li> 
 <li>The price is now trading above $0.585 and the 100 simple moving average (4 hours).</li> 
 <li>There is a major bullish trend line forming with support near $0.5760 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair might correct further lower, but the bulls could remain active near $0.5760.</li> 
</ul> 
<h2 id="xrp-price-remains-in-uptrend">XRP Price Remains In Uptrend</h2> 
After forming a base above the $0.532 level, XRP started a fresh rally. There was a strong move above the $0.555 and $0.565 resistance levels. It even outperformed <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-vulnerable-35k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-liftoff-if-1850/" target="_blank" rel="noopener ">Ethereum</a>. 
A high was formed near $0.6204 and the price is now correcting gains. There was a decline below the $0.600 level. The price even moved below the 23.6% Fib retracement level of the upward move from the $0.5316 swing low to the $0.6204 high. 
XRP is now trading above $0.585 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.5760 on the 4-hour chart. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-558540" src="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468" alt="XRP Price Prediction" width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price.png?resize=1024%2C468?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank" rel="noopener nofollow">XRPUSD on TradingView.com</a> 
On the upside, immediate resistance is near the $0.5950 level. The first major resistance is $0.600. A close above the $0.600 level could send the price toward the $0.620 resistance. If the bulls remain in action above the $0.620 resistance level, there could be a rally toward the $0.650 resistance. Any more gains might send XRP toward the $0.665 resistance. 
<h2 id="are-dips-supported">Are Dips Supported?</h2> 
If XRP fails to clear the $0.600 resistance zone, it could continue to move down. Initial support on the downside is near the $0.576 zone and the trend line. 
The trend line is near the 50% Fib retracement level of the upward move from the $0.5316 swing low to the $0.6204 high. The next major support is at $0.5650. If there is a downside break and a close below the $0.5650 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.532 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $0.576, $0.565, and $0.532. 
Major Resistance Levels – $0.600, $0.620, and $0.650.

XRP Price Prediction – A Strengthening Case For Rally Above $0.62

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