The price of XRP may rise to $0.60: the key to a new wave of pump

The price of XRP has stabilized around $0.550 and started a new pump, just like BTC and Ethereum. The price may rise above resistance levels of $0.5620 and $0.5650. The price has passed the 50% Fibonacci level, which extends from the high point of $0.6020 to the low point of $0.5455, breaking the downtrend. Longs are likely to soon attempt to break the $0.600 resistance level. However, shorts are active near the resistance level at $0.5880.
XRP/USD on the hourly chart also formed a key channel rise, resistance level is at the level of 0.5880 dollars. Currently, the price is trading around 0.5750 dollars and the 100-hour simple moving average.
In the upward direction, the price encounters resistance around $0.5880. This level is close to the 76.4% Fibonacci support level from the low point of $0.5455 to the high point of $0.6020. The first major resistance level is around $0.60.
The next key resistance level could be at $0.6020. If it manages to break through the resistance level at $0.6020, the price may fall to a resistance level at $0.6150. The next major resistance level is around $0.6250. If there is further pump, the price may fall to a resistance level at $0.6320 in the short term, or even to $0.650.
If XRP cannot break through the resistance zone at $0.5880, it may decline again. The initial support level is around $0.570. The next major support level is at $0.5650.
If there is a breakthrough downwards and a close below $0.5650, the price may continue to fall to the support level of $0.550. The next key support level is $0.5350.
technical indicator:
Hourly MACD - MACD XRP / USD is accelerating in the bullish region.
Every hour RSI (Relative Strength Index) - RSI XRP/USD is now above the 50 level.
The main support levels are $0.5700 and $0.5650.
The main resistance levels are 0.5880 US dollars and 0.6000 US dollars.
(data source: Aayush Jindal)