Rally

Bitcoin

Resistance

XRP price started a downside correction from the $0.750 zone. The price retested the $0.600 support zone and might soon attempt a fresh rally. 
<ul> 
 <li>XRP started a downside correction from the $0.750 resistance zone.</li> 
 <li>The price is now trading below $0.650 and the 100 simple moving average (4 hours).</li> 
 <li>There is a major bearish trend line forming with resistance near $0.6550 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair might correct further lower, but the bulls could remain active near $0.600.</li> 
</ul> 
<h2 id="xrp-price-dips-below-0-650">XRP Price Dips Below $0.650</h2> 
After rallying above the $0.720 resistance, XRP faced resistance. The price struggled to clear the $0.750 barrier and recently started a downside correction, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-takes-hit-34650/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-trims-gains-1920/" target="_blank" rel="noopener ">Ethereum</a>. 
The price declined below the $0.720 and $0.700 support levels. The bears even pushed it below the $0.650 pivot level. However, the bulls were active near the $0.600 zone. A low is formed near $0.5938 and the price is now attempting a fresh increase. 
XRP is now trading below $0.650 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.6550 on the 4-hour chart of the XRP/USD pair. 
On the upside, immediate resistance is near the $0.630 level or the 23.6% Fib retracement level of the recent decline from the $0.7499 swing high to the $0.5938 low. The first major resistance is near the $0.640 zone or the trend line. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468"><img decoding="async" class="alignnone size-full wp-image-560725" src="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468" alt="XRP Price Prediction " width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP_Price-2.png?resize=1024%2C468?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" loading="lazy" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank" rel="noopener nofollow">XRPUSD on TradingView.com</a> 
A close above the trend line could send the price toward the $0.672 resistance. It is near the 50% Fib retracement level of the recent decline from the $0.7499 swing high to the $0.5938 low. If the bulls remain in action above the $0.672 resistance level, there could be a rally toward the $0.750 resistance. Any more gains might send XRP toward the $0.788 resistance. 
<h2 id="are-dips-limited">Are Dips Limited?</h2> 
If XRP fails to clear the $0.640 resistance zone, it could continue to move down. Initial support on the downside is near the $0.620 zone. 
The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $0.620, $0.600, and $0.540. 
Major Resistance Levels – $0.630, $0.640, and $0.672.

XRP Price Prediction – Breaking This Resistance Could Spark Fresh Rally

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