XRP Regains Strength as It Breaks An Early Hurdle at $0.51

XRP (XRP) Long-Term Analysis: Bearish
The XRP (XRP) price has resumed bullish momentum as it breaks an early hurdle at $0.51. Since April 14, XRP has been trading in a narrow range between $0.46 support and $0.56 resistance, as well as the 21-day simple moving average. The 21-day SMA has slowed the upward advance over the last two weeks. Today, the bulls outperformed the bears, breaking the 21-day SMA.

Interestingly, the bullish momentum will extend to the top of the 50-day SMA. Nonetheless, XRP’s bullish trend will begin when it breaks above the 50-day SMA. When XRP breaks above the 50-day SMA, the bullish trend will commence. The market will rise to its previous highs of $0.66 and $0.74. However, XRP/USD is trapped between the moving average lines. The cryptocurrency is now worth $0.53.

Technical  Indicators:
Major Resistance Levels – $1.00, $1.50, $2.00
Major Support Levels – $0.50, $0.30, $0.10

XRP (XRP) Indicator Analysis  
XRP is increasing as it breaks above the 21-day SMA. It is above the 21-day SMA but below the 50-day SMA. It means that the cryptocurrency price will fluctuate between the moving average lines. On the 4-hour chart, the price bars are above the moving average lines, indicating that the currency could rise.
 
What Is the Next Direction for XRP (XRP)?  
XRP is on the rise after breaking above an early hurdle at $0.51. Previously, the cryptocurrency was trading above the $0.46 support and below the 21-day simple moving average. The breakout will allow the cryptocurrency to return to its former highs. Meanwhile, the upward move is facing an initial barrier at the recent high. The crypto signal will be positive as XRP regains its bullish momentum.

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