XRP price may rise if it surpasses a certain resistance.

This is a report on the current state of Ripple’s token price and its potential future movements against the US Dollar. The article explains that Ripple’s token price is currently attempting to increase above the $0.48 resistance level and could gain momentum if it clears $0.51. The article also mentions that there is a rising channel forming with support near $0.480 on the 4-hour chart of the XRP/USD pair.

The article goes on to explain that in the past few days, Ripple’s XRP saw a downside correction from the $0.565 resistance against the US Dollar, dipping below the $0.525 support zone. However, the price is now rising and has surpassed the 23.6% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.

The article also mentions that there is initial resistance on the upside near the $0.500 zone, with the first major resistance near the $0.510 level and the 100 simple moving average (4 hours). A successful break above the $0.51 resistance level might send the price toward the $0.525 resistance, with any more gains possibly leading to a test of the $0.550 resistance.

However, if Ripple fails to clear the $0.51 resistance zone, it could start another decline, with initial support on the downside near the $0.480 zone and the channel trend line. The next major support is near $0.455. The article also includes technical indicators, such as the MACD and RSI for XRP/USD, as well as major support and resistance levels.

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