Bitcoin

Resistance

XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone. 
<ul> 
 <li>XRP is slowly moving higher above the $0.612 level.</li> 
 <li>The price is now trading below $0.625 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break below a key bullish trend line with support near $0.628 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 $0.625 and $0.628 resistance levels.</li> 
</ul> 
<h2 id="xrp-price-aims-fresh-increase">XRP Price Aims Fresh Increase</h2> 
After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-40k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-consolidates-2275/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP/USD pair. The pair even declined below the $0.612 support. A low was formed near $0.6010, and the price is now attempting a fresh increase. 
There was a move above the $0.612 resistance. However, XRP is now trading below $0.625 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.7000 swing high to the $0.6010 swing low. 
The first major resistance is near the $0.628 zone. A close above the $0.628 resistance zone could spark a steady increase. The next key resistance is near $0.650 or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-564944" src="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468" alt="XRP Price" width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-1.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> 
If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance. 
<h2 id="another-decline">Another Decline?</h2> 
If XRP fails to clear the $0.625 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.612 zone. 
The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $0.612, $0.600, and $0.572. 
Major Resistance Levels – $0.625, $0.628, and $0.650.

XRP Price Could Regain Strength If It Clears This Key Barrier

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