Key points:
XRP price is in the final stages of a significant breakout with resistance located at the 50-day simple moving average (blue).
There is a key contracting triangle forming on the daily chart with resistance at $0.530.
If the price settles above the 50-day simple moving average (blue) and $0.5350, the price is likely to surge.

XRP Technical Analysis
New Delhi (CoinChapter.com) — XRP is on the verge of its next major move. A close above $0.5350 and $0.550 is likely to spark a fresh rally.
XRP Price Approaching Important Breakout
In past analysis, we have seen a key contracting triangle on the daily chart of XRP. The price has remained within a significant contracting range and remains below or close to the 50-day simple moving average (blue) and the 50-week simple moving average.
It looks like the price is now close to a breakout. The price is now consolidating near the 50% Fibonacci retracement level of the downside from the $0.5707 high to $0.4880 low and is performing poorly, lagging behind bitcoin and Ethereum.
More importantly, the price is about to break out of the contracting triangle highlighted on the daily chart, with the current resistance at $0.530. The first major resistance is near the $0.550 level.
The 76.4% Fibonacci retracement level of the downside from the $0.5707 high to $0.4880 low is also near the $0.550 area. A close above the triangle resistance could push the price towards the $0.550 resistance.
The main resistance remains at the $0.570 area. A close above the $0.570 resistance could spark a fresh rally. In such a case, the price could climb higher and test the $0.6660 resistance.
In this case, there is a high probability of moving towards the $0.700 resistance area. The next stop for the bulls could be $0.750.
Downward pressure?
Conversely, XRP price might struggle to break above the $0.5350 and $0.550 resistance levels. An immediate support is near the $0.510 area and the lower rail of the triangle.
The first major support is at $0.500. The next key support is near the $0.490 level, below which the price is likely to slide and test the $0.4680 support. Breakdown of the $0.4680 support could set the stage for a major decline. In such a case, the price could decline to the $0.420 level.
Overall, XRP price is gearing up for the next major move. A close above the $0.5350 and $0.550 resistance levels could trigger a major growth spurt. Otherwise, it might decline and test $0.400 in the coming days.