XRP surges as other altcoins decline.

The price of Ripple’s token is increasing and has surpassed the $0.52 resistance against the US Dollar, trading in a bullish zone while other altcoins such as ADA and BNB are experiencing losses. The price is now trading above $0.515 and the 100 simple moving average (4 hours), with a key bearish trend line forming with resistance near $0.535. If it clears the $0.545 and $0.550 resistance levels, the pair might continue to rise.

In the past few days, Ripple’s XRP saw a downside correction from the $0.540 resistance against the US Dollar, dipping below the $0.52 support zone and experiencing bearish moves, similar to Bitcoin and Ethereum. However, the bulls were active near the $0.475 zone and the price is now rising.

Initial resistance on the upside is near the $0.535 zone, with the first major resistance near the $0.545 level. A successful break above the $0.545 resistance level might send the price toward the $0.565 resistance, while any more gains might call for a test of the $0.580 resistance.

If Ripple fails to clear the $0.535 resistance zone, it could start a downside correction, with initial support on the downside near the $0.515 zone. The next major support is near $0.501, and if there is a downside break and a close below the $0.501 level, XRP’s price could extend losses and retest the $0.480 support zone.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Bitcoin surges close to $44K while US stocks recover from their largest 3-month loss.

The crypto market capitalization has reached an impressive milestone, surpassing $1.7 trillion on Wednesday for the f...


Aragon Association Dissolves: Get Ready for the ETH Redemption Extravaganza!

The Aragon Association, which oversees Aragon (ANT) and its funds, is ending and owners have one year to trade in the...


Bitcoin's sharp drop to $29,200 causes a loss of 5.9% of its supply.

According to on-chain data, an impressive 5.9% of the Bitcoin supply has experienced a decrease in value, coinciding ...


EDX Markets, a new cryptocurrency exchange, receives backing from Wall Street giants.

EDX Markets is a recently established platform for buying and selling cryptocurrencies. It aims to incorporate the mo...


Bitkey: Your Key to Bitcoin Ownership and Security

Fashionistas, get excited because Bitkey is now available in over 95 countries and across six continents! With its la...


PSE Trading Macro Commentary Regulatory Boots Land, BTC Remains Bullish

The removal of this major barrier can be considered bullish for Bitcoin, potentially increasing investor trust and ma...