Bitcoin

Resistance

XRP price is moving higher from the $0.578 support. The price seems to be setting up for a fresh surge toward the $0.680 and $0.700 levels. 
<ul> 
 <li>XRP is attempting a fresh increase from the $0.578 support level.</li> 
 <li>The price is now trading above $0.620 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key rising channel forming with resistance near $0.650 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 $0.650 and $0.655 resistance levels.</li> 
</ul> 
<h2 id="xrp-price-could-surge-to-0-70">XRP Price Could Surge To $0.70</h2> 
After forming a base near the $0.578 zone, XRP price started a decent increase. There was a move above the $0.595 and $0.600 resistance levels. The price even cleared the $0.630 resistance. 
There was a spike above the 50% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low. The price is now up over 3%, outperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-eyes-45k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-muted-2200/" target="_blank" rel="noopener ">Ethereum</a>. It is now facing resistance near the $0.650 zone. 
There is also a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP/USD pair. The channel resistance is near the 61.8% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low. 
The price is now trading above $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.650 zone. The next major resistance is near the $0.655 zone. A close above the $0.655 resistance zone could spark a strong increase. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-566936" src="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449" alt="XRP Price" width="1024" height="449" srcset="https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=1950 1950w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/12/XRP_Price-3.png?resize=1024%2C449?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 $0.684. If the bulls remain in action above the $0.684 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="fresh-decline">Fresh Decline?</h2> 
If XRP fails to clear the $0.650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.620 zone and the channel trend line. 
The next major support is at $0.606. If there is a downside break and a close below the $0.606 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.578 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 above the 50 level. 
Major Support Levels – $0.620, $0.606, and $0.578. 
Major Resistance Levels – $0.650, $0.655, and $0.700.

XRP Price Regains Strength As The Bulls Aim For 10% Surge

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