<div id="readability-page-1" class="page"><div>XRP price started a strong increase above $1.520. The price is now consolidating gains and might aim for more gains if it stays above the $1.50 zone.<ul><li>XRP price started a fresh increase above the $1.50 zone.</li><li>The price is now trading above $1.50 and the 100-hourly Simple Moving Average.</li><li>There was a break above a declining channel with resistance at $1.5250 on the hourly chart of the XRP/USD pair (data source from Kraken).</li><li>The pair could continue to move up if it settles above $1.5550.</li></ul>XRP Price Corrects GainsXRP price started a major upward move above $1.40 and $1.50, beating Bitcoin and Ethereum. The price gained pace for a clear move above the $1.5250 resistance.The bulls even pumped the price above the $1.550 zone. A high was formed at $1.6068 and the price started a downside correction. There was a move below $1.550 and $1.5250. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high.However, the bulls were active near $1.50 or the 50% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There was also a break above a declining channel with resistance at $1.5250 on the hourly chart of the XRP/USD pair.If there is a fresh upward move, the price might face resistance near the $1.5550 level. The first major resistance is near the $1.580 level, above which the price could rise and test $1.60.<figure></figure>A clear move above the $1.60 resistance might send the price toward the $1.6250 resistance. Any more gains might send the price toward the $1.650 resistance. The next major hurdle for the bulls might be near $1.6880.More Downside?If XRP fails to clear the $1.60 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.520 level. The next major support is near the $1.50 level.If there is a downside break and a close below the $1.50 level, the price might continue to decline toward $1.470. The next major support sits near the $1.4520 zone, below which the price could continue lower toward $1.4220. Any more losses might call for a test of $1.4050.Technical IndicatorsHourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.Major Support Levels – $1.5000 and $1.4700.Major Resistance Levels – $1.5550 and $1.6000.</div></div>

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XRP price has shown bullish momentum, rising above $1.520 and consolidating gains above the $1.50 mark. The price is currently trading above the 100-hourly Simple Moving Average, with potential resistance at $1.5550 and $1.5800. A significant upward move could see XRP testing $1.60 and possibly $1.6250. However, if it fails to break the $1.60 resistance, a decline may occur, with support levels at $1.520 and $1.500. Technical indicators suggest a bullish trend, with the MACD gaining pace and the RSI above 50.

- XRP price has increased significantly above $1.520 and is currently consolidating, aiming for further gains if it remains above the $1.50 level.  
- A break above $1.5250 has occurred, and the price hit a high of $1.6068 before correcting, with support near the $1.50 and $1.520 levels.  
- If XRP surpasses the $1.60 resistance, it could advance toward $1.6250 and beyond, while failure to do so could lead to declines towards $1.470.

XRP Price Bullish Momentum Expands — Market Eyes Next Surge