Strong

Bitcoin

Resistance

XRP price extended losses and tested the $0.4620 support. The price is now recovering and might gain bullish momentum if it clears the $0.4825 resistance. 
<ul> 
 <li>XRP price remained in a bearish zone and tested the $0.4620 support zone.</li> 
 <li>The price is now trading below $0.4820 and the 100-hourly Simple Moving Average.</li> 
 <li>There is a key bearish trend line forming with resistance at $0.4785 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could recover steadily if there is a move above $0.4800 and $0.4820.</li> 
</ul> 
<h2 id="xrp-price-forms-support">XRP Price Forms Support</h2> 
XRP price failed to clear the $0.4820 resistance zone and started another decline like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-dives-breaks-60k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-bottom-3240/" target="_blank" rel="noopener ">Ethereum</a>. There was a move below the $0.480 and $0.4750 levels. The price even spiked below $0.4650. 
However, the bulls were active near $0.4620. A low was formed at $0.4619 and the price is now recovering losses. There was an upward move above the $0.4680 and $0.4720 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $0.4885 swing high to the $0.4619 low. 
It is now trading below $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4780 level. There is also a key bearish trend line forming with resistance at $0.4785 on the hourly chart of the XRP/USD pair. 
The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.4885 swing high to the $0.4619 low. The first major resistance is near the $0.4825 level. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-626217 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_be516c.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
A clear move above the $0.4825 resistance might send the price toward the $0.4880 resistance. The next major resistance is near the $0.500 level. A close above the $0.500 resistance zone could send the price higher. The next key resistance is near $0.5250. 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 $0.4825 resistance zone, it could start another decline. Initial support on the downside is near the $0.4680 level. 
The next major support is at $0.4620. If there is a downside break and a close below the $0.4620 level, the price might decline further. In the stated case, the price could even trade below the $0.450 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 – $0.4680 and $0.4620. 
Major Resistance Levels – $0.4800 and $0.4825.

XRP Price Targets Strong Recovery: Key Indicators and Predictions

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NewsBTC

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