XRP Bullish Surge Overcomes Resistance, Eyeballs $0.4840 Breakout

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As the world of cryptocurrency continues to ebb and flow, XRP’s digits started to ascend, skirting the resistance zone of $0.4840. Despite an attempt to regulate gains and profits, the bullish investors managed to throw a protective ring around the stalwart $0.4750 support.

Currently, XRP is flirting with an upward break, perched just above the resistance zone of $0.4840. Presently, it is trading notably above the $0.4720 mark as well as the steady 100-hourly Simple Moving Average, further confirming bullish sentiments. The XRP/USD pair’s hourly charts, primarily sourced from Kraken, depict the formation of an encouraging bullish trend line, with an underlying support pegged at $0.4760.

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If the resistance at $0.4840 can be breached with subsequent financial closure beyond it, this digital asset may find itself enveloped in a bold bullish momentum.

Mirroring the positive trends of Bitcoin and Ethereum, XRP launched into a promising upward movement. It clambered successfully over the resistance of $0.4740 and was propelled by the bullish investors beyond the $0.480 mark. Dampening the celebrations, however, was the presence of the bears near the $0.4840 resistance zone, which stifled further growth.

A ceiling was established at $0.4839, which set the stage for a slight downward swing in prices. This correction was characterized by a slip below the $0.4800 and $0.4780 levels and a brief plunge beneath the halfway mark or 50% Fib retracement level of the ascent from $0.4695 to $0.4839.

Nevertheless, XRP is still trading above the $0.4740 mark and also the 100-hourly Simple Moving Average. A positive trend line continues to form, with substantial support manifesting at $0.4760. Resistance looms at the $0.480 level, with a more substantial deterrent lying at the $0.4840 mark. Once this resistance can be overcome, XRP traders may have to battle it out at the $0.4880 mark. A successful maneuver above this could potentially catapult prices towards the $0.5050 level.

Venturing into higher resistance zones, we find the $0.5120 mark. If XRP can manage a closure above this, it might set off on an upward journey towards $0.5250. Any additional gains might send the digits skyrocketing towards the $0.5320 resistance mark.

Should XRP falter in its bid to clear the $0.4840 resistance, we might see a downward trend. Initial support lies at the $0.4765 level, reinforced by the bullish trend line. A stronger support level follows closely at the $0.4740 mark. Should prices break and close below this level, XRP might potentially continue its decline, slipping towards the $0.4640 support.

Indications from hourly MACD show XRP/USD losing steam in the bullish zone. While the hourly RSI for the XRP/USD now hovers just below the 50 mark, signaling an average momentum.

Projecting forward; the major levels of support to look out for are $0.4765 and $0.4740. On the flip side, we see the major resistance levels remain set at $0.4800 and $0.4840. This enthralling push and pull of crypto-gains and losses promise a riveting adventure for all players in this digital financial arena.