Ripple (XRP) has been a resilient coin in recent market activity, displaying a steadiness hovering above the $0.50 level in the face of a turbulent market. The price moved further into losses, with the lows being pressed below $0.5050, but the price rallied back up after hitting a low of $0.4921. That stability comes as major cryptocurrencies, including Bitcoin and Ethereum, respectively saw deeper sell-offs.
A technical rebound has rekindled XRP’s resilience above the $0.50 level. XRP jumped from $0.4980 initial support to the $0.500 mark, prepping the possible momentum shift. The price also added to the bullish signal on the hourly chart of the XRP/USD pair by breaking above a connecting bearish trend line.
Key resistance levels pinpointed by analysts indicate that Ripple can hold a steady path, even with the market’s pressures. The next major resistance lies at $0.5080, followed closely afterwards by $0.5120 and $0.5160. If Ripple can overcome these obstacles, it can succeed, and prices can hit $0.5250 and head to $0.5320.
Bulls Eye Higher Gains as XRP Holds Strong
While the XRP price is nearing critical resistance, it has shown strength thus far. The cryptocurrency first encounters initial resistance at $0.5080, stopping the price’s climb or continuing it. XRP must break above $0.5160, allowing this altcoin to retest the $0.5250 resistance level or consolidate for a few days in that area.
Based on the market action, the bulls might attempt to push the price higher. If XRP can clear the $0.5250 level, it could find buyers above the $0.5320 and $0.5350 levels, forming further upside markers. The analysts pointed out that both these resistance points seem to be very big milestones, and if they are broken, then the broad mood for XRP would be engulfed in these points. Further advances could follow a break above the 100-hour Simple Moving Average at $0.5160 if the price stays below.
Source: TradingView
However, if Ripple fails to hold above $0.5080, it could begin a new decline. Support would initially return at $0.500, then more strongly at $0.4950. If the price falls below $0.4950, it could continue sinking to revisit past lows near $0.4920 before testing the $0.4880 support area.
Ripple Set for Rally in New “Risk On” Cycle
Crypto points analyst Steph points to XRP’s price behaviour in the bullish zone and indicates that it may have a good probability of movement as the global liquidity situation supports it. The analysis shows that XRP’s price chart follows cyclical phases called “Risk On” and “Risk Off,” so the late price drop correlates with a closure of a “Risk Off” period. Of course, historically, Ripple’s price has gone up after those periods, and if liquidity on a global scale is improved, there are some very real projected gains.
Source: X
The analysis shows that XRP can rally under good market conditions, and previous cycles have seen gains of up to 256.9%. Considering these trends, the next “Risk On” phase should be seen as an opportunity to make significant gains if XRP plays its upward momentum. This outlook is aligned with the resilience above $0.50 and the potential of continued growth when global liquidity shifts in Ripple’s favour.
Ripple, trading around $0.50, is set to break out. This prospect matches patterns seen during past market cycles, and if liquidity conditions improve, this offers an indication of a growth trajectory. Depending on whether it enters a new “Risk On” cycle with historical cycles as a backdrop, XRP could be about to appreciate.
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