Resistance

XRP price started a decent recovery wave above $0.4850. The price reclaimed the 100-hourly SMA and might aim for more upsides. 
<ul> 
 <li>XRP price found support at $0.4600 and started a recovery wave.</li> 
 <li>The price is now trading above $0.4850 and the 100-hourly Simple Moving Average.</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.4860 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to rise unless it fails to stay above the $0.4820 support zone.</li> 
</ul> 
<h2 id="xrp-price-signals-recovery">XRP Price Signals Recovery</h2> 
XRP price extended losses below the $0.4650 level like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-decline-65k/" target="_blank" rel="noopener ">Bitcoin</a>. However, the bulls took a stand near $0.4600, and the price recently started a decent recovery wave like <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-decline-3420/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move above the $0.4680 and $0.4720 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $0.4860 on the hourly chart of the XRP/USD pair. The pair even spiked above the $0.5000 zone. 
A high was formed at $0.5049 and the price is now correcting gains. There was a move below the $0.4950 support zone. There was a drop below the 23.6% Fib retracement level of the upward move from the $0.4600 swing low to the 0.5049 high. 
The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4950 level. The first key resistance is near $0.4980. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-624963 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_e8dd99.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next major resistance is near the $0.5050 level. A close above the $0.5050 resistance zone could send the price higher. The next key resistance is near $0.5250. If there is a close above the $0.5250 resistance level, there could be a steady increase toward the $0.5320 resistance. Any more gains might send the price toward the $0.5500 resistance. 
<h2 id="another-decline">Another Decline?</h2> 
If XRP fails to clear the $0.4980 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level and the 100-hourly Simple Moving Average. 
The next major support is at $0.4720. If there is a downside break and a close below the $0.4720 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.460 support in the near term. 
Technical Indicators 
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $0.4850 and $0.4720. 
Major Resistance Levels – $0.4980 and $0.5050.

XRP Price Recovers Past 100 SMA: Bullish Indicators Ahead?

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