Ripple (XRP/USD) Ready to Break Past $0.5 Resistance – Price Analysis

  • XRP price paints a bullish picture today.
  • XRP/USD has resistance around $0.5.
  • Overnight sessions saw bullish momentum.

Ripple price outlook shows XRP kick-started new upswings after discovering support at $0.4550. For now, the altcoin trades well beyond the resistance of $0.4850 and 100 SMA. Also, XRP/USD 1hr chart shows a break past a massive bearish trend level with $0.4920 resistance.

According to the 4hr chart, bears controlled the remittance token most of yesterday’s sessions. They dragged to coin towards the $0.39 lows beyond bulls joined to trigger upswings. The action seemed strong as Ripple’s price climbed beyond $0.42 and seemed ready for extended upsurges.

Meanwhile, $0.42 remains a crucial zone to consider as XRP previously encountered resistance at the level. Breaking past the value region will open the uptrend road toward the following resistance at $0.44 before Ripple explores the hurdle near $0.5.

Downside actions will eye $0.40 as the area has offered support in the past. Holding beyond this zone would show bulls still controlling XRP price movements. Meanwhile, losing grounds would welcome drops to the $0.38 support, where some buyers joined late yesterday.

Generally, the XRP outlook reveals a bullish stance today as a weak plunge benevolent encountered the $0.40 support. The foothold had XRP pushing higher, possibly as bulls aim to erase the past week’s losses. Enthusiasts need to consider the $0.42 mark as overcoming the area will translate to surges towards $0.44, then $0.5.

Ripple 24Hr Timeframe – XRP Escapes Further Drops with Upticks

The past 24hrs saw the crypto market on impressive upswings as large-cap assets noted substantial overnight gains, and the uptrends seem to continue. Ripple opened the day near $0.4197 with amplified bullish vigor. The coming hours will likely see XRP surpassing the $0.42 mark and stretch higher.

Conclusion

Ripple took advantage of the overnight crypto market bullishness to record impressive upticks. The altcoin will move past $0.42 before testing the resistance at $0.44. More bullish moves in the near term will see XRP exploring $0.5. Meanwhile, Ripple enthusiasts should watch broad market trends for lucrative undertakings.

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