Recently, Ripple’s XRP price started to move downwards as bulls failed to push it above the $0.48 resistance level against the US Dollar. The price is currently trading at $0.454, with immediate resistance forming on the $0.480 and $0.488 levels. If the price breaks the mentioned resistance levels, it could move towards the $0.535 level.

On the downside, initial supports are forming on the $0.454 and $0.440 levels. However, a close below the $0.440 level is likely to see a fresh decline in the price of XRP. If ripple fails to break $0.440, the price is likely to reach the $0.400 support level.

Looking at the technical indicators, the 4-Hours MACD for XRP/USD is now gaining momentum in the bearish zone. Similarly, the 4-Hours RSI is now trading below the 50 level. All the technical indicators are suggesting bearish signals for Ripple in the near term. The next major move for XRP will depend on whether the bulls can push its price above the $0.488 and $0.500 resistance levels or not. If they succeed, the Ripple/USD pair could rise to $0.535 before the trend reverses.



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