XRP Price Aims for a Bullish Surge: Is a Major Move on the Horizon?

Jun 5, 2024 04:01 am Cryptocurrency 250

XRP price is slowly moving higher above the $0.5120 zone. It could start a major increase if there is a close above the $0.5320 resistance zone.

XRP is attempting a fresh increase above the $0.5220 zone.

The price is now trading above $0.520 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair could start a decent increase if there is a clear move above $0.5300.

XRP Price Holds Support

XRP price remained well-supported above the $0.500 zone and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5120 and $0.5150 levels.

There was a clear move above the $0.5250 resistance and the price tested the $0.530 zone. A high was formed at $0.5300 ..

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