Bitcoin

Resistance

XRP price started a downside correction and tested $0.572. The price is now rising and might gain bullish momentum if it clears $0.642. 
<ul> 
 <li>XRP started a downside correction below $0.650 and $0.620.</li> 
 <li>The price is now trading below $0.640 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair start a fresh rally if it clears the $0.642 resistance zone.</li> 
</ul> 
<h2 id="xrp-price-holds-key-support">XRP Price Holds Key Support</h2> 
After facing rejection near the $0.740 zone, XRP started a fresh decline. There was a move below the $0.70 and $0.650 support levels. The price even dived below the $0.60 support, underperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-aim-for-40k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-prediction-2120/" target="_blank" rel="noopener ">Ethereum</a>. 
Finally, the bulls took a stand near $0.572. A low was formed near $0.572 and the price is now attempting a fresh increase. There was a move above the $0.600 resistance. There was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP/USD pair. 
The price is now testing the 23.6% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. On the upside, immediate resistance is near the $0.615 level. 
The first major resistance is near the $0.642 zone or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. A close above the $0.642 resistance zone could spark a steady increase. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-562041" src="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468" alt="XRP Price Prediction" width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-3.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> 
The next key resistance is near $0.682. If the bulls remain in action above the $0.682 resistance level, there could be a rally toward the $0.720 resistance. Any more gains might send XRP toward the $0.750 resistance. 
<h2 id="another-decline">Another Decline?</h2> 
If XRP fails to clear the $0.642 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone. 
The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now just above the 50 level. 
Major Support Levels – $0.588, $0.572, and $0.540. 
Major Resistance Levels – $0.615, $0.642, and $0.682.

XRP Price Prediction – Indicators Suggest Fresh Bull Run If XRP Clears $0.642

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