XRP Price Prediction: Can Bulls Defend This Key Support?

Mar 19, 2024 08:00 am Cryptocurrency 58

XRP price started a downside correction from the $0.7450 resistance. The bulls are now struggling to keep the price above the $0.5850 support zone.

XRP started a fresh decline after it failed to clear the $0.7450 resistance.

The price is now trading below $0.650 and the 100 simple moving average (4 hours).

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

The pair could start a fresh rally if there is a close above the $0.6650 resistance zone.

XRP Price Trims Gains

After a steady increase, XRP price struggled to extend gains above the $0.750 resistance. The price started a downside correction from the $0.7442 high, like Ethereum and Bitcoin.

There was a steady decline below the $0.700 and $0.665 support levels. The price even declined below ..

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