After a failure to pass the $0.5500 barrier, XRP has returned to the table at the beginning of Monday, 2.94 to $0.5030. This is why the altcoin vendors attacked the former main resistance line in the downbeat rsi from February 01.
Given the recent dominion of XRP/USD sellers, the previous resistance of the reported support line, the $0.5050 resistance, appears to be in the immediate pipeline, with a threshold of $0.5000 being reminiscent.
However, the XRP/USD bears could be challenged by a confluence of 21-day SMA and 50 percent Fibonacci, which are now around $0.4650.
Otherwise, the $0.5050 resistance to bounce off the next support line would be $0.5500, until you can see the top of $0.5800 in the end of February.
As XRP/USD wins past $0,5800, the round figure of $0,6000 and the top $0,6500 will be attracted to bulls by February 22, 2013.
