{"id":16709,"date":"2023-01-24T06:52:57","date_gmt":"2023-01-24T10:52:57","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=16709"},"modified":"2023-01-24T06:52:57","modified_gmt":"2023-01-24T10:52:57","slug":"xrp-price-prediction-key-upside-break-could-trigger-rally-to-0-5","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/24\/xrp-price-prediction-key-upside-break-could-trigger-rally-to-0-5\/","title":{"rendered":"XRP Price Prediction: Key Upside Break Could Trigger Rally To $0.5"},"content":{"rendered":"

Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone.<\/em><\/p>\n

Ripple is currently rising above the $0.38 resistance zone against the US dollar.
\nThe price is now trading above $0.380 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could rally further if there is a clear move above the $0.4320 resistance zone.<\/p>\n

Ripple Price Starts Steady Increase<\/h2>\n

After forming a base above $0.32, ripple\u2019s XRP started a steady increase against the US Dollar. The price climbed above the $0.35 resistance zone to move into a positive zone.<\/p>\n

The bulls pushed the price above the $0.365 level and the 100 simple moving average (4-hours). The increase was such that xrp price even surged above the $0.40 level. It traded to a new yearly high at $0.4324 and is currently consolidating gains, similar to bitcoin<\/a>.<\/p>\n

The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP\/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.<\/p>\n

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

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

An immediate resistance is near the $0.432 zone. The next key resistance is near the $0.45 level. A successful break above the $0.450 resistance might send the price towards the $0.480 resistance. Any more gains might send the price towards the $0.50 level in the coming sessions.<\/p>\n

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

If ripple fails to clear the $0.432 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.416 level.<\/p>\n

The next major support is near $0.400 and the trend line. It is close to the 50% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high. If there is a downside break and close below the $0.40 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.365 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish 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 $0.416, $0.400 and $0.392.<\/p>\n

Major Resistance Levels \u2013 $0.432, $0.450 and $0.480.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone.<\/em><\/p>\n

Ripple is currently rising above the $0.38 resistance zone against the US dollar.
\nThe price is now trading above $0.380 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could rally further if there is a clear move above the $0.4320 resistance zone.<\/p>\n

Ripple Price Starts Steady Increase<\/h2>\n

After forming a base above $0.32, ripple\u2019s XRP started a steady increase against the US Dollar. The price climbed above the $0.35 resistance zone to move into a positive zone.<\/p>\n

The bulls pushed the price above the $0.365 level and the 100 simple moving average (4-hours). The increase was such that xrp price even surged above the $0.40 level. It traded to a new yearly high at $0.4324 and is currently consolidating gains, similar to bitcoin<\/a>.<\/p>\n

The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP\/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.<\/p>\n

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

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

An immediate resistance is near the $0.432 zone. The next key resistance is near the $0.45 level. A successful break above the $0.450 resistance might send the price towards the $0.480 resistance. Any more gains might send the price towards the $0.50 level in the coming sessions.<\/p>\n

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

If ripple fails to clear the $0.432 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.416 level.<\/p>\n

The next major support is near $0.400 and the trend line. It is close to the 50% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high. If there is a downside break and close below the $0.40 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.365 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish 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 $0.416, $0.400 and $0.392.<\/p>\n

Major Resistance Levels \u2013 $0.432, $0.450 and $0.480.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-16709","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\/16709","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=16709"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16709\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=16709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=16709"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=16709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}