Rally

Bitcoin

Resistance

XRP price is moving higher from the $0.4540 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. 
<ul> 
 <li>XRP is attempting a fresh increase from the $0.4540 support level.</li> 
 <li>The price is now trading below $0.5950 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bearish trend line forming with resistance near $0.6080 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 $0.600 and $0.608 resistance levels.</li> 
</ul> 
<h2 id="xrp-price-faces-hurdles">XRP Price Faces Hurdles</h2> 
This past week, XRP price saw a sharp decline below the $0.550 level. The price declined below the $0.500 support and even spiked below $0.480. A low was formed near $0.4541, and the price is now moving higher, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rallies-48k-imminent/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-hurdle-2350/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move above the $0.500 and $0.520 resistance levels. The bears cleared the 61.8% Fib retracement level of the main drop from the $0.640 swing high to the $0.454 swing low. However, the price is still below $0.5950 and the 100 simple moving average (4 hours). 
On the upside, immediate resistance is near the $0.595 zone or the 76.4% Fib retracement level of the main drop from the $0.640 swing high to the $0.454 swing low. The first key resistance is near $0.600 and $0.608. There is also a key bearish trend line forming with resistance near $0.6080 on the 4-hour chart of the XRP/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-568668" src="https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461" alt="XRP Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/01/XRP_Price-1.png?resize=1024%2C461?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> 
A close above the $0.6080 resistance zone could spark a strong increase. The next key resistance is near $0.640. If the bulls remain in action above the $0.640 resistance level, there could be a rally toward the $0.670 resistance. Any more gains might send the price toward the $0.700 resistance. 
<h2 id="another-drop">Another Drop?</h2> 
If XRP fails to clear the $0.608 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.550 zone. 
The next major support is at $0.520. If there is a downside break and a close below the $0.520 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.500 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 – $0.550, $0.520, and $0.500. 
Major Resistance Levels – $0.595, $0.600, and $0.608.

XRP Price Prediction – This Resistance Is The Key To Next Rally

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