📈 **XRP Price Prediction: Bulls Lose Control, Dips Look Sweet** 🤯💥
A negative drop began from the $0.6700 barrier for XRP. Bulls are currently hovering over $0.5400 and may push higher.
- Above the $0.600 barrier, XRP rose again.
- The price is currently above $0.550 and the 100 SMA.
The 4-hour XRP/USD chart broke below a crucial rising channel with support around $0.610 on Kraken. If it manages to close above the $0.60 barrier, the pair may rally.
**Support Resurfaces for XRP**
XRP has recently risen from $0.550, making gains above $0.580 and $0.600 barrier levels. The rise was more moderate compared to Bitcoin and Ethereum.
- The stock even broke the $0.650 barrier before bears emerged, reaching a multi-week high at $0.6692.
- A bearish wave brought the price below $0.620 support, and the 4-hour XRP/USD chart broke below a crucial ascending channel with support at $0.610.
The pair fell below $0.600 but is attempting to rise again. Above $0.560 and the 23.6% Fib retracement level, Ripple's token price rests. On the upside, resistance is approaching $0.600, the 50% Fib retracement level.
The price may surge to $0.650 if it closes above $0.6240, the first critical resistance. Closing over the $0.650 barrier might trigger a significant surge.
Around $0.680 is the next resistance. Bulls may aim for $0.7050 if they stay above $0.680, and further advances might push the price near the $0.7320 barrier.
XRP may experience another fall if it fails to break $0.60, with initial support at $0.562. A bullish trend line and $0.540 represent the next crucial support levels. Breaking below $0.540 may accelerate the downward trend, with the price potentially retesting the $0.5120 support.
**Technical Indicators:**
- 4-Hours MACD: XRP/USD's bullish MACD is slowing down.
- Four-hour RSI (Relative Strength Index): XRP/USD is below 50.
**Key Levels:**
- **Major Support Levels:** $0.5620, $0.540, $0.5120.
- **Major Resistance Levels:** $0.600, $0.6240, $0.650.
$XRP 🚀📉
