{"id":11257,"date":"2022-11-04T09:55:21","date_gmt":"2022-11-04T13:55:21","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=11257"},"modified":"2022-11-04T09:55:21","modified_gmt":"2022-11-04T13:55:21","slug":"xrp-price-spikes-10-and-could-extend-rally-to-0-55-or-higher","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/04\/xrp-price-spikes-10-and-could-extend-rally-to-0-55-or-higher\/","title":{"rendered":"XRP Price Spikes 10% and Could Extend Rally To $0.55 or Higher"},"content":{"rendered":"

Ripple started a strong increase above the $0.460 resistance against the US Dollar. XRP price broke many hurdles near $0.478 and might rise further towards $0.55.<\/em><\/p>\n

Ripple started a fresh increase from the key $0.442 support zone against the US dollar.
\nThe price is now trading nicely above $0.480 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could continue to rise if there is a close above the $0.5000 resistance.<\/p>\n

Ripple Price Rally To $0.50<\/h2>\n

Yesterday, we discussed how ripple\u2019s XRP is primed for rally and only 1 thing is holding it back<\/a> against the US Dollar. XRP formed a base above the $0.4220 level and started a steady increase above $0.4400.<\/p>\n

The price gained pace for a move above the $0.450 resistance. The bulls were able to clear the key barriers near the $0.478 and $0.480 levels. It opened the doors for more gains above the $0.488 level. The price was able to clear the 50% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP\/USD pair. The price is up nearly 10%, outperforming ethereum<\/a> and bitcoin<\/a>.<\/p>\n

XRP price is now trading nicely above $0.480 and the 100 simple moving average (4-hours). Itis now facing hurdles near $0.500. It is close to the 61.8% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

A successful break above the $0.500 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.52 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level.<\/p>\n

Dips Limited in XRP?<\/h2>\n

If ripple fails to clear the $0.500 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.485 level.<\/p>\n

The next major support is near $0.465. If there is a downside break and close below the $0.465 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.450 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.485, $0.465 and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.500, $0.520 and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple started a strong increase above the $0.460 resistance against the US Dollar. XRP price broke many hurdles near $0.478 and might rise further towards $0.55.<\/em><\/p>\n

Ripple started a fresh increase from the key $0.442 support zone against the US dollar.
\nThe price is now trading nicely above $0.480 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could continue to rise if there is a close above the $0.5000 resistance.<\/p>\n

Ripple Price Rally To $0.50<\/h2>\n

Yesterday, we discussed how ripple\u2019s XRP is primed for rally and only 1 thing is holding it back<\/a> against the US Dollar. XRP formed a base above the $0.4220 level and started a steady increase above $0.4400.<\/p>\n

The price gained pace for a move above the $0.450 resistance. The bulls were able to clear the key barriers near the $0.478 and $0.480 levels. It opened the doors for more gains above the $0.488 level. The price was able to clear the 50% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low.<\/p>\n

Besides, there was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP\/USD pair. The price is up nearly 10%, outperforming ethereum<\/a> and bitcoin<\/a>.<\/p>\n

XRP price is now trading nicely above $0.480 and the 100 simple moving average (4-hours). Itis now facing hurdles near $0.500. It is close to the 61.8% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

A successful break above the $0.500 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.52 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level.<\/p>\n

Dips Limited in XRP?<\/h2>\n

If ripple fails to clear the $0.500 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.485 level.<\/p>\n

The next major support is near $0.465. If there is a downside break and close below the $0.465 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.450 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.485, $0.465 and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.500, $0.520 and $0.550.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-11257","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=11257"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11257\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=11257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=11257"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=11257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}