XRP, the crypto token of Ripple, is in the midst of a period of critical trading in terms of price. After a spike above the resistance of $0.5400 last week against US Dollar, Ripple saw a correction below this level. As a result, XRP price declined to low around $0.4822 before rallying a bit. Currently, XRP is trading above the important support area at $0.500.

To sustain this recent upward trend, it is crucial for XRP to maintain the momentum over $0.50 and $0.482 levels. To form an additional bullish wave, the crypto token must successfully break over the resistance at $0.5350. If Ripple is able to breach this level, it may surge further up towards the critical resistance position at $0.585.

On the other hand, if XRP fails to breakthrough $0.5350, which has been proven to be a difficult level, there's a possibility of the token seeing further downside. In this instance, the token may face immediate support at $0.4980 and $0.482. If the drops reach below this level, another support point at $0.420 may be reached.

From the technical point of view, the MACD for XRP/USD is losing traction in the bearish zone; also, its Relative Strength Index (RSI) is below the 50 mark. Taking these signals into account, XRP's future movement largely depends on whether the crypto token can break the resistance of $0.5350. Until then, the upside and downside will remain in balance for Ripple.



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