Resistance

XRP price is struggling to gain bullish momentum above $0.50. The price must settle above $0.50 and $0.520 to start a steady increase in the near term. 
<ul> 
 <li>XRP price extended losses before it found support near the $0.4765 zone.</li> 
 <li>The price is now trading above $0.4850 and the 100-hourly Simple Moving Average.</li> 
 <li>There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could start a decent increase if it settles above the $0.50 resistance zone.</li> 
</ul> 
<h2 id="xrp-price-holds-support">XRP Price Holds Support</h2> 
XRP price failed to start a fresh increase and again reacted to the downside like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-risk-66k/" target="_blank" rel="noopener ">Bitcoin</a>. There was a move below the $0.4800 level, but the bulls were active near the $0.4765 level. 
A low was formed at $0.4765 and the price is now correcting losses. There was a move above the $0.4850 and $0.4900 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.5104 swing high to the $0.4765 low. 
It is now trading above $0.4850 and the <a href="https://www.newsbtc.com/analysis/xrp/xrp-bulls-flex-muscles-0-4950/" target="_blank" rel="noopener ">100-hourly Simple Moving Average</a>. On the upside, the price is facing resistance near the $0.4980 level and the 61.8% Fib retracement level of the downward move from the $0.5104 swing high to the $0.4765 low. 
There is also a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.500. The next major resistance is near the $0.5020 level. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-625349 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/XRP_Price_60403b.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
A close above the $0.5020 resistance zone could send the price higher. The next key resistance is near $0.5200. If there is a clear move above the $0.520 resistance level, there could be a steady increase toward the $0.5320 resistance. Any more gains might send the price toward the $0.5500 resistance. 
<h2 id="another-drop">Another Drop?</h2> 
If XRP fails to clear the $0.4980 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 level and the 100-hourly Simple Moving Average. 
The next major support is at $0.4850. If there is a downside break and a close below the $0.4850 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4765 low in the near term. 
Technical Indicators 
Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $0.4850 and $0.4765. 
Major Resistance Levels – $0.4980 and $0.500.

Ripple (XRP) Range-Bound Struggle: Will It Break Free?

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