The XRP price is facing resistance at $0.5550 and needs to remain above the $0.5250 support level for a potential increase in the near future. The price recently declined below key levels, including $0.5500 and a bullish trend line at $0.5500. It is currently trading below $0.5460 and the 100-hourly Simple Moving Average. The bulls are defending the 76.4% Fib retracement level, but if the price fails to clear the $0.5500 resistance, it could start another decline. Initial support is at $0.5420, followed by $0.5365. However, if the price breaks below $0.5365, it may continue to decline towards the $0.5320 support level. On the upside, potential resistance levels are at $0.5460, $0.5500, and $0.5550. A clear move above $0.5550 may lead to further gains towards $0.5600, $0.5800, and even $0.6000. Technical indicators such as MACD and RSI are showing signs of a weakening bullish momentum.



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