XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase

May 7, 2024 08:00 am Cryptocurrency 93

XRP price is correcting gains from the $0.570 resistance. The price is stable above the $0.5240 support and might aim for a fresh increase in the near term.

XRP started a decent increase and climbed above the $0.550 resistance.

The price is now trading above $0.5250 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $0.5320 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair could start another increase if the bulls defend the $0.5240 support.

XRP Price Holds Support

Recently, XRP price started a decent increase above the $0.5250 resistance zone. The bulls even pushed the price above the $0.550 resistance zone before the bears appeared.

A high was formed at $0.5699 before there was a pullback like Bitcoin and Ethereum. The price dipped below the $0.550 ..

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