Ripple's XRP is trading above $0.510 and the 100 simple moving average (4 hours), with a major bullish trend line forming with support near $0.5100 on the 4-hours chart of the XRP/USD pair. XRP started a fresh increase from the $0.500 zone against the US Dollar, climbing above the $0.525 resistance but facing resistance at the $0.535 zone. Initial resistance is near the $0.5320 zone, with the first major resistance near the $0.535 level. A successful break above the $0.535 resistance might send the price toward the $0.5475 resistance and the $0.600 level. On the downside, initial support is near the $0.522 zone, with the next major support near $0.519 or the 61.8% Fib retracement level. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. If XRP fails to clear the $0.535 resistance zone, it could test the $0.488 support zone. (newsbtc)