XRP Surges from $0.4620: Eyeing $0.4880 and Beyond

## XRP Cryptocurrency Shows Bullish Signs Amid Recovery from $0.4620 Low

The fluctuating fortunes of **XRP cryptocurrency** continue to attract attention. Recently, XRP hit a low at the **$0.4620 support zone** but now shows signs of recovery.

## Struggles and Positives of XRP

XRP has been struggling with **bearish dynamics** and recently tested the $0.4620 support zone. Right now, it's trading below **$0.4820** and is under the 100-hourly Simple Moving Average, showing a bearish trend line with resistance at **$0.4785**. If XRP manages to break **$0.4800 and $0.4820** barriers, it could start recovering steadily.

Despite not breaching the $0.4820 mark, XRP’s price shows resilience. It dipped below $0.480 and $0.4750 thresholds briefly and even touched beneath $0.4650. But bullish sentiments seem active around the **$0.4620 level**.

## Promising Moves

The price of XRP recently rose beyond the **$0.4680 and $0.4720** resistance levels, also clearing the 50% Fib retracement level from a high of **$0.4885** to a low of **$0.4619**. However, it’s still below $0.4850 and the 100-hourly Simple Moving Average. Resistance is gathering around the **$0.4780** price level, forming a key bearish trendline at **$0.4785**.

At the **61.8% Fib retracement level** from a high of $0.4885 to a low of $0.4619, the first significant resistance appears near **$0.4825**. If this resistance is overcome, XRP’s price might advance to **$0.4880** and then near the **$0.500** zone. A favorable close above this zone could push the price even higher, with **$0.5250** as the next resistance. Further gains could project the price towards the **$0.5500** resistance zone.

## Risks and Supports

On the downside, if XRP fails to penetrate the $0.4825 resistance, another decline could occur. Initial support would be at around **$0.4680**, followed by stronger support at **$0.4620**. If the price drops and closes below $0.4620, a deeper descent could bring the price below the **$0.450 support**.

## Technical Indicators

Technical indicators suggest a **bullish resurgence**. The **MACD** for XRP/USD is increasing in the bullish zone, and the **RSI** is positioned above 50, indicating an optimistic outlook. Major support levels are at **$0.4680 and $0.4620**, while significant resistance awaits at **$0.4800 and $0.4825**.