XRP faces resistance at $0.65 due to bearish indicators

Ripple (CRYPTO:XRP) is struggling to maintain its upward momentum toward $0.65 despite a recent increase to around $0.53. 

According to several technical indicators, XRP could face significant resistance levels, making further gains challenging. 

The Parabolic Stop-and-Reverse (SAR) indicator reveals bearish signals, with dotted lines positioned above the current price. 

This setup suggests a potential reversal, as XRP previously surged to $0.61 in August when the dotted lines shifted below the price. 

Now, with resistance expected between $0.57 and $0.63, a similar bullish breakout seems unlikely. 

Based on the Bull Bear Power (BBP) indicator, the bearish outlook gains further support. 

Currently, BBP is in the negative region, reflecting stronger selling pressure that could prevent XRP from breaking through the $0.57 resistance level. 

A positive BBP would indicate bullish control, but the negative value underscores that bears are currently dominant in the market. 

Without an increase in buying activity, the path to higher prices for XRP remains restricted. 

Additionally, the Awesome Oscillator (AO) on XRP's daily chart indicates a bearish twin peak pattern, hinting at a potential downward trend. 

This pattern develops when two green bars on the AO form successive peaks, with the second peak lower than the first. 

This setup suggests that XRP's recent attempts to reach $0.55 could falter, possibly leading to a decline below $0.48. 

However, if XRP manages to break above $0.57, it could challenge this bearish scenario and push the price toward $0.63 or even $0.65. 

Traders should closely monitor these key resistance levels and indicators to gauge XRP's next possible moves in the market. 

At the time of writing, the XRP (XRP) price was $0.5419.