Ripple is currently trading on bullish trends above the $0.500 support level against the US Dollar. XRP is holding multiple supports near the $0.510 level and a major bullish trend line. As long as it stays above $0.510, the price is likely to continue higher.

If ripple breaks the $0.535 resistance, there could be a substantial price action. It could start a decent rally, with the first target being $0.5475 and further towards the $0.600 level. Any more gains might lead the price towards the $0.643 level.

On the downside, the main support is near the $0.510 or the trend line. If there is a downside break and close below the $0.510 support zone, the price could start a bearish trend. The next major support is near the $0.519 or the 61.8% Fib retracement level of the upward move from the $0.5072 swing low to the $0.5382 high. In the mentioned bearish case, the price could test the $0.488 support level.

To summarize, the current trend for XRP is bullish until the $0.535 resistance level holds. A successful break above $0.535 might open the doors for further gains in the near term. On the downside, $0.510 and $0.519 levels are important supports.



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