XRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60

Jan 23, 2024 08:00 am Cryptocurrency 134
XRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60

XRP price is consolidating above the $0.520 support. The price could gain bearish momentum unless there is a close above $0.550 and $0.570.


  • XRP is showing bearish signs below the $0.550 and $0.570 resistance levels.

  • The price is now trading below $0.5420 and the 100 simple moving average (4 hours).

  • There is a key bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

  • The pair start a fresh increase if it clears the $0.540 and $0.550 resistance levels.

    • XRP Price Aims Recovery


    After a decent recovery wave, XRP price faced heavy resistance near the $0.6200 zone. The bears stepped in and managed to start a fresh decline. There was a move below the $0.600 and $0.570 support levels, like Bitcoin and Ethereum.


    There was also a drop below the $0.550 support. The price tested ..

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