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Resistance

XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. 
<ul> 
 <li>XRP is facing a major hurdle near the $0.6580 zone.</li> 
 <li>The price is now trading below $0.640 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could gain bearish momentum if there is a close below the $0.5720 support.</li> 
</ul> 
<h2 id="xrp-price-faces-uphill-task">XRP Price Faces Uphill Task</h2> 
After a steady decline, XRP price found support near the $0.5720 level. A low was formed at $0.5714 and the price started a fresh increase, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-primed-to-clear-71500-and-rally-again/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-lift-off-4k/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move above the $0.5880 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. The bulls pushed the price above the $0.620 resistance zone, but the bears are active near $0.640. 
Ripple’s token price is now trading above $0.6320 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.640 zone. There is also a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-600297" src="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449" alt="XRP Price" width="1024" height="449" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=1950 1950w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_c37b7a.png?resize=1024%2C449?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next key resistance is near $0.6580. It is close to the 50% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. A close above the $0.6580 resistance zone could spark a strong increase. The next key resistance is near $0.700. If the bulls remain in action above the $0.700 resistance level, there could be a rally toward the $0.7440 resistance. Any more gains might send the price toward the $0.800 resistance. 
<h2 id="more-losses">More Losses?</h2> 
If XRP fails to clear the $0.640 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 zone. 
The next major support is at $0.5720. If there is a downside break and a close below the $0.5720 level, the price might accelerate lower. In the stated case, the price could retest the $0.5250 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 – $0.600, $0.5720, and $0.5250. 
Major Resistance Levels – $0.640, $0.6580, and $0.700.

XRP Price Holds Support – Indicators Show Risk of Downside Break

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