XRP Price Still Have A Chance For A Bullish Streak: Here’s How

Apr 10, 2024 06:00 am Cryptocurrency 60

XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term.

XRP is slowly moving lower from the $0.6420 resistance zone.

The price is now trading below $0.6120 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $0.6020 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 $0.600 support.

XRP Price Revisits Support

After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.6250 support, like Bitcoin and Ethereum.

There was a move below the $0.6200 support. The price traded below the 23.6% Fib retracement level of the upward move from the $0.5622 ..

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