Xrp has been failing to break through a certain resistance for a while now, the challenge still remain the same as before seeing that it is also yet to get pass the resistance three times in the past week at $0.50 resistance, XRP has failed to stabilize around $0.50 despite numerous attempts to raise the price above it. How will getting pass this resistance level or breaking through it in any way be of help to the coin, since this coin has been dwelling in red for a while now.
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The only option for the asset to retest the declining line which it is been drawing is if it is in the position to break above it then this give the price of the coin a higher chance of moving above the barrier which it has set and towards the following resistance level around $0.66 and $0.69 if it is able to do so. Conversely, the price is most likely to retest the $0.42 support level. If that occurs and XRP closes below it, this will increase the bearish momentum and entirely revers the current trend, which had been rather favorable. Key support level of the coin is around $0.4 and $0.33 then the key resistance level is around$0.5 and $0.66