Ripple (XRP) has failed to close above $0.52 for five consecutive days, struggling with the sticky resistance.
Ripple sees XRP Ledger developers propose direct lending on the blockchain, no smart contracts involved. XRP attempts to break past and close above $0.52 resistance for the sixth consecutive day. XRP holders keep eyes peeled for SEC reply brief, deadline is May 6. Ripple has failed to close above $0.52 for five consecutive days, struggling with the sticky resistance.
The altcoin has attempted to close past this level for five consecutive days with no success. In the weekly time frame, XRP price could decline further. There is a bearish crossover, where the signal line crosses over the Moving Average Convergence Divergence indicator, on the weekly chart, on April 8. On the daily timeframe however, on April 22, the MACD line crossed over the signal line, supporting a recovery in XRP. The $0.4868 level emerges as key support for XRP, on the weekly time frame.
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