Bitcoin

Resistance

XRP price found support at $0.5680 and started a fresh increase. The bulls are now aiming for a move toward the $0.700 resistance. 
<ul> 
 <li>XRP found support near $0.5680 and started a recovery wave above $0.60.</li> 
 <li>The price is now trading above $0.620 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.610 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could start a fresh rally if there is a close above the $0.6560 resistance zone.</li> 
</ul> 
<h2 id="xrp-price-regains-traction">XRP Price Regains Traction</h2> 
After a major decline, XRP price found support near the $0.5680 zone. A low was formed at $0.5684 and the price started a fresh increase, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-68k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-signals-uptrend-3580/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move above the $0.580 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.7440 swing high to the $0.5684 low. There was also a break above a key bearish trend line with resistance at $0.610 on the 4-hour chart of the XRP/USD pair. 
Ripple’s token price is now trading above $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.6560 zone. It is close to the 50% Fib retracement level of the downward move from the $0.7440 swing high to the $0.5684 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-599139" src="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461" alt="XRP Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_175884.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 first key resistance is near $0.700, above which the price could rise toward the $0.7440 resistance. A close above the $0.7440 resistance zone could spark a strong increase. The next key resistance is near $0.7650. If the bulls remain in action above the $0.7650 resistance level, there could be a rally toward the $0.800 resistance. Any more gains might send the price toward the $0.820 resistance. 
<h2 id="another-decline">Another Decline?</h2> 
If XRP fails to clear the $0.6560 resistance zone, it could start another decline. Initial support on the downside is near the $0.630 zone. 
The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, the price might accelerate lower. In the stated case, the price could retest the $0.5680 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 – $0.630, $0.600, and $0.5680. 
Major Resistance Levels – $0.6560, $0.700, and $0.7440.

XRP Price Prediction: Bulls Aim For Fresh Surge To $0.70

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