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Ripple's XRP Price Climbs Above $0.50 Resistance, Signaling Further Upsides

Ripple's XRP token has surpassed the $0.50 resistance level against the US Dollar and is expected to continue rising towards $0.55 or $0.565.

The price increase began with a surge above the $0.45 resistance level and has maintained momentum above $0.505 and the 100 simple moving average (4 hours).

A major bullish trend line is forming with support near $0.5050 on the 4-hour chart of the XRP/USD pair. However, if XRP fails to clear the $0.525 resistance zone, it could experience a downside correction with initial support near $0.505 and the trend line.

XRP XRP $1.36
-7.64%
Ripple XRP
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