Can XRP Price Break the $0.50 Barrier and Aim for $0.60?
- XRP price avoids a sharp correction under $0.50, taking a second jump from $0.48.
- XRP faces opposition from a long-standing resistance trendline.
- Bitcoin's stability above
25K
aids XRP's comeback above $0.50.
- XRP's current price is $0.50867 with a 1.48% weekend jump and 0.79% intraday growth.
- Positive market sentiments arise from Ripple labs' strong position and SEC's multiple losses.
- XRP price chart shows several bearish challenges.
- XRP's price fell below $0.50 within two months after its partial victory against the SEC.
- XRP's comeback from $0.48 challenges overhead resistances, supported by a triple white soldier and morning star pattern.
- The 4-hour chart shows XRP's rally facing opposition from the 50-day EMA.
- A breakout above the resistance trendline could push XRP to $0.60.
- A drop below $0.50 might lead to further declines, with support at $0.45 and $0.41.