XRP Price Holds Support – Indicators Show Risk of Downside Break

Mar 29, 2024 08:00 am Cryptocurrency 62

XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone.

XRP is facing a major hurdle near the $0.6580 zone.

The price is now trading below $0.640 and the 100 simple moving average (4 hours).

There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair could gain bearish momentum if there is a close below the $0.5720 support.

XRP Price Faces Uphill Task

After a steady decline, XRP price found support near the $0.5720 level. A low was formed at $0.5714 and the price started a fresh increase, like Bitcoin and Ethereum.

There was a move above the $0.5880 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level ..

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