Can the bulls defend $0.6 or is a crash coming?

The XRP rally seems to be taking a break. Will the bears return?

Key support levels: $0.54

Key resistance levels: $0.68

1. Rally on hold

In the past few days, XRP failed to make a higher high that could give sellers a chance to come back. At the time of this publication, buyers still managed to keep the price around 60 cents. If they lose this key level, a deeper pullback could follow.

TradingView Chart 2. Volume continues to drop

Volume continued to drop compared to our last update. This is an early bearish indicator. If nothing changes, sellers are likely to push XRP closer to the all-important support at 54 cents.

TradingView Chart 3. Weekly MACD remains bullish

Although intraday volatility remains high, the weekly period offers a clear bullish bias. Even if XRP becomes the key support again, buyers are likely to return.

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