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<a href="https://bitcoinworld.co.in/xrp-price-prediction-a-fresh-rally-is-around-the-corner/" title="XRP Price Prediction: A Fresh Rally Is Around The Corner?" rel="nofollow"></a>
XRP price is consolidating below the $0.538 resistance, the price could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels. 
<h3 id="span-style-font-weight-400-xrp-price-eyes-fresh-rally-span">XRP Price Eyes Fresh Rally</h3> 
In the past few days, XRP <a href="https://coinstats.app/coins/ripple/">price</a> recovered higher from the $0.4980 zone. There was a move above the $0.505 and $0.5120 resistance levels.&nbsp; 
<figure id="attachment_65938" aria-describedby="caption-attachment-65938" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-65938" src="https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-10-483x300.png" alt="" width="631" height="392" srcset="https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-10-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-10.png 760w" sizes="(max-width: 631px) 100vw, 631px">
 <figcaption id="caption-attachment-65938" class="wp-caption-text">
 XRP Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
However, the bears remained active near the $0.5380 resistance and protected more upsides, unlike Bitcoin and Ethereum. 
The recent high was formed at $0.5375 before there was a downside correction. There was a move below the $0.5220 level.&nbsp; 
The price even spiked below the 50% Fib retracement level of the upward move from the $0.4980 swing low to the $0.5375 high. 
Ripple’s token price is now trading above $0.520 and the 100 simple moving average (4 hours).&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/stacks-stx-skyrockets-over-43-and-smashes-2-threshold-setting-sights-on-new-all-time-highs/" aria-label="“Stacks (STX) Skyrockets Over 43% And Smashes $2 Threshold, Setting Sights On New All-Time Highs” (Edit)">Stacks (STX) Skyrockets Over 43% And Smashes $2 Threshold, Setting Sights On New All-Time Highs</a> 
There is also a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair. On the upside, immediate resistance is near the $0.5300 zone. 
The first key resistance is near $0.5380, above which the price could rise toward the $0.550 resistance.&nbsp; 
A close above the $0.550 resistance zone could spark a strong increase. The next key resistance is near $0.5850.&nbsp; 
If the bulls remain in action above the $0.5850 resistance level, there could be a rally toward the $0.600 resistance. Any more gains might send the price toward the $0.620 resistance. 
<h3 id="span-style-font-weight-400-another-decline-span">Another Decline?</h3> 
If XRP fails to clear the $0.5380 resistance zone, it could start another decline. Initial support on the downside is near the $0.518 zone and the trend line. 
The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could retest the $0.480 support zone. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone.</li> 
 <li style="font-weight: 400">4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level.</li> 
 <li style="font-weight: 400">Major Support Levels – $0.517, $0.512, and $0.480.</li> 
 <li style="font-weight: 400">Major Resistance Levels – $0.530, $0.538, and $0.550.</li> 
</ul> 
<blockquote>
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</blockquote> 
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The post <a href="https://bitcoinworld.co.in/xrp-price-prediction-a-fresh-rally-is-around-the-corner/">XRP Price Prediction: A Fresh Rally Is Around The Corner?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

XRP Price Prediction: A Fresh Rally Is Around The Corner?

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