Bitcoin

Resistance

XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term. 
<ul> 
 <li>XRP is slowly moving lower from the $0.6420 resistance zone.</li> 
 <li>The price is now trading below $0.6120 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could gain bearish momentum if there is a close below the $0.600 support.</li> 
</ul> 
<h2 id="xrp-price-revisits-support">XRP Price Revisits Support</h2> 
After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.6250 support, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-fails-again-72k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-trims-gains-3500/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move below the $0.6200 support. The price traded below the 23.6% Fib retracement level of the upward move from the $0.5622 swing low to the $0.6420 high. The price is now trading below $0.6120 and the 100 simple moving average (4 hours). 
It is testing the $0.6020 support and the 50% Fib retracement level of the upward move from the $0.5622 swing low to the $0.6420 high. There is also a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair. 
Immediate resistance is near the $0.610 level and the 100 simple moving average (4 hours). The next key resistance is near $0.6220. low. A close above the $0.6220 resistance zone could spark a strong increase. The next key resistance is near $0.6420. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-602378" src="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP_Price_1228d6.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> 
If the bulls remain in action above the $0.6420 resistance level, there could be a rally toward the $0.6620 resistance. Any more gains might send the price toward the $0.700 resistance. 
<h2 id="more-losses">More Losses?</h2> 
If XRP fails to clear the $0.6220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6020 zone and the trend line. 
The next major support is at $0.580. If there is a downside break and a close below the $0.580 level, the price might accelerate lower. In the stated case, the price could retest the $0.5450 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $0.6020, $0.580, and $0.5450. 
Major Resistance Levels – $0.610, $0.6220, and $0.6420.

XRP Price Still Have A Chance For A Bullish Streak: Here’s How

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