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Ripple's Token Price Holds Ground Above $0.52 Resistance Against US Dollar

Ripple's XRP token price is currently trading in a bullish zone, holding gains above the $0.500 resistance against the US dollar. The price has risen above $0.515 and the 100 simple moving average (4 hours), with potential to continue rising if it clears the $0.545 and $0.550 resistance levels. However, there is a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP/USD pair. If Ripple fails to clear this resistance zone, it could start a downside correction with initial support near the $0.515 zone.

XRP XRP $2.31
-1.65%
Ripple
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