Bitcoin

Resistance

XRP price is recovering higher above the $0.500 resistance. The price is signaling a positive bias and might rally above the $0.580 and $0.600 levels. 
<ul> 
 <li>XRP is attempting a recovery wave above the $0.50 zone.</li> 
 <li>The price is now trading above $0.5150 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.5220 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could gain bullish momentum if there is a close above the $0.580 resistance.</li> 
</ul> 
<h2 id="xrp-price-aims-higher">XRP Price Aims Higher</h2> 
After a sharp decline, XRP price found support near the $0.3880 zone. It formed a base and started a fresh increase above the $0.450 resistance, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-eyes-70k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-holds-support-3000/" target="_blank" rel="noopener ">Ethereum</a>. The bulls were able to push the price above the $0.50 resistance. 
The price climbed above the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. Besides, there was a break above a key bearish trend line with resistance at $0.5220 on the 4-hour chart of the XRP/USD pair. 
The price is now trading above $0.5150 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5650 level. The next key resistance is near $0.5820 or the 76.4% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-604779" src="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_754d13.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 $0.5820 resistance zone could spark a strong increase. The next key resistance is near $0.620. If the bulls remain in action above the $0.620 resistance level, there could be a rally toward the $0.680 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 $0.5820 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level. 
The next major support is at $0.5150. If there is a downside break and a close below the $0.5150 level, the price might accelerate lower. In the stated case, the price could retest the $0.4650 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 – $0.540, $0.5150, and $0.4650. 
Major Resistance Levels – $0.5650, $0.5820, and $0.6200.

XRP Price Reclaims $0.50 and Indicators Suggest Fresh Surge To $0.70

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