Bitcoin

Resistance

XRP price is struggling to recover above the $0.520 resistance. The price could gain bearish momentum if it breaks the $0.50 support. 
<ul> 
 <li>XRP is attempting a fresh increase and facing hurdles near $0.520.</li> 
 <li>The price is now trading near $0.5150 and the 100 simple moving average (4 hours).</li> 
 <li>There is a major bearish trend line forming with resistance at $0.520 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 $0.520 resistance.</li> 
</ul> 
<h2 id="xrp-price-aims-upside-break">XRP Price Aims Upside Break</h2> 
Recently, XRP price climbed above the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-reclaims-0-50/" target="_blank" rel="noopener ">$0.550 resistance</a> and tested $0.570. A high was formed at $0.5705 before there was a pullback like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-bounces-back-64500/" target="_blank" rel="noopener ">Bitcoin</a> and Ethereum. The price dipped below the $0.5250 support zone. 
It even spiked below $0.500 and tested $0.4980. A low was formed at $0.4990 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.5705 swing high to the $0.4990 low. It also trades near $0.5150 and the 100 simple moving average (4 hours). 
Immediate resistance is near the $0.520 level. There is also a major bearish trend line forming with resistance at $0.520 on the 4-hour chart of the XRP/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-605721" src="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461" alt="XRP Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_6e2a2f.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> 
The next key resistance is near $0.5350 or the 50% Fib retracement level of the downward move from the $0.5705 swing high to the $0.4990 low. A close above the $0.5350 resistance zone could spark a strong increase. The next key resistance is near $0.570. If the bulls remain in action above the $0.570 resistance level, there could be a rally toward the $0.620 resistance. Any more gains might send the price toward the $0.680 resistance. 
<h2 id="more-losses">More Losses?</h2> 
If XRP fails to clear the $0.520 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. 
The next major support is at $0.490. If there is a downside break and a close below the $0.490 level, the price might accelerate lower. In the stated case, the price could retest the $0.460 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 near the 50 level. 
Major Support Levels – $0.500, $0.4990, and $0.460. 
Major Resistance Levels – $0.520, $0.5350, and $0.570.

XRP Price Prediction – Will Bearish Trend Push Prices Under $0.50?

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