XRP Price Struggles to Break Resistance Zone
XRP price is struggling to break the $0.5550 resistance zone and gain a steady increase in the near term. The price is currently consolidating above the $0.5320 zone and trading above the $0.5400 and the 100-hourly Simple Moving Average. A key bullish trend line is forming with support at $0.5435 on the hourly chart of the XRP/USD pair.
The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. However, if it fails to do so, it might start another decline with initial support near the $0.540 level and the trend line.
