Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»XRP Price Holds Above Support: Is It Preparing for a Breakout?
EXCHANGE NEWS

XRP Price Holds Above Support: Is It Preparing for a Breakout?

By Crypto FlexsMay 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Price Holds Above Support: Is It Preparing for a Breakout?
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price holds key support at $0.5220. Bulls could target a fresh advance as long as the pair does not close below the $0.5220 support.

  • XRP is struggling to start a new rally above the $0.5350 resistance zone.
  • The price is currently trading below $0.5320 and the 100-hour simple moving average.
  • On the hourly chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.5280 (data source from Kraken).
  • Unless the bears push the price below $0.5220, the pair could start a new rally.

XRP price maintains support

XRP price began a downward trend again, retesting the same $0.5220 support area as Bitcoin and Ethereum. There was also a surge below the $0.5220 support area, but the uptrend was active.

A low was formed at $0.5192 and the price again rose above $0.5220. The price is currently trading near the 23.6% Fib retracement level of the bearish wave from the $0.5405 swing high to the $0.5192 low. It is currently trading below $0.5320 and the 100-hour simple moving average.

On the other hand, the price is finding resistance near $0.5280. Additionally, on the hourly chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.5280.

The first major resistance is near $0.5300 or the 61.8% Fib retracement level of the bearish wave from the $0.5405 swing high to the $0.5192 low. A break above the $0.5300 resistance could push the price higher. The next major resistance is near $0.540.

A close above the $0.540 resistance could lead to a steady rise towards the $0.5450 resistance. Any more profits could push the price towards the $0.5650 resistance.

Are there any more drawbacks?

If XRP fails to clear the $0.5280 resistance area, it may continue to fall. Initial support for the downside is near the $0.5220 level.

The next major support is at $0.5120. A downward breakout and a close below the $0.5120 level could push the price lower. If indicated, the price may fall and retest the $0.50 support in the near term.

technical indicators

Hourly MACD – MACD for XRP/USD is now losing speed in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for XRP/USD is now below the 50 level.

Key support levels – $0.5220 and $0.5120.

Key resistance levels – $0.5280 and $0.5300.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Cardano (ADA) Faces Selling Pressure – Is This the Start of a Trend?

October 12, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025
Most Popular

Galaxy Launches $113 Million Crypto Fund and Nansen Launches Ether ETF Dashboard: Finance Redefinition

July 27, 2024

Israel Central Bank officials embrace competition between banks and CBDCs to boost economic growth

April 17, 2024

Uniswap Team Sells 90,000 UNI Tokens After Altcoin Rises Over 70%: On-Chain Data

February 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.