Yahya 
Instead of breaching the $0.5850 barrier, Price of XRP produced a negative trend below the $0.5750 mark. Currently displaying weakness, XRP is trading beneath $0.5750 and the 100-hourly Simple Moving Average, implying much more potential negative impact.
XRP Struggles Below Key Resistance Levels
XRP stabilized around $0.5650 then aimed for higher but could not break beyond the $0.5850 barrier. This failure sparked off a recession; the price dropped below vital levels at $0.580 and $0.5750. A breach under a canal revealed the different pace of falling.
Currently showing some support above the 50% Fibonacci retrace level of the current wave from $0.5456 to $0.5835 is XRP at $0.5650. The price generates instant opposition at $0.5750; stronger barriers at $0.580 and $0.5850 help to explain this. A good break above these levels might bring XRP above $0.60 with further resistance around $0.6150 and $0.6250.
On the other hand, XRP runs higher chance of declining should it fall short of the $0.580 mark. First support comes at $0.5650; then it follows $0.5600. Given the next important support level at $0.5350, a breach below $0.5600 may extend losses into the $0.5500 support should bearish pressure persist.
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