{"id":24921,"date":"2023-06-02T03:53:14","date_gmt":"2023-06-02T07:53:14","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=24921"},"modified":"2023-06-02T03:53:14","modified_gmt":"2023-06-02T07:53:14","slug":"xrp-price-prediction-bulls-aim-big-after-recent-surge-above-0-5","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/02\/xrp-price-prediction-bulls-aim-big-after-recent-surge-above-0-5\/","title":{"rendered":"XRP Price Prediction: Bulls Aim Big After Recent Surge Above $0.5"},"content":{"rendered":"

Ripple\u2019s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565.<\/em><\/p>\n

Ripple\u2019s token price started a decent increase above the $0.500 resistance against the US dollar.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise toward the $0.545 and $0.550 resistance levels.<\/p>\n

Ripple Price Forms Bullish Trend<\/h2>\n

In the past few days, Ripple\u2019s XRP gained bullish momentum above the $0.45 resistance against the US Dollar. It outperformed Bitcoin<\/a> and Ethereum<\/a> to start a steady bullish trend above $0.465.<\/p>\n

There was a clear move above the $0.480 and $0.488 resistance levels. Finally, the bulls were able to push the price above $0.500. A high is formed near $0.5286 and the price recently saw a minor downside correction. There was a move below the 23.6% Fib retracement level of the upward wave from the $0.4432 swing low to the $0.5286 high.<\/p>\n

XRP price is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP\/USD pair.<\/p>\n\n

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

Initial resistance on the upside is near the $0.5250 zone. The first major resistance is near the $0.532 level. A successful break above the $0.532 resistance level might send the price toward the $0.550 resistance. Any more gains might call for a test of the $0.565 resistance.<\/p>\n

Are Dips Supported in XRP?<\/h2>\n

If ripple fails to clear the $0.525 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.505 zone and the trend line.<\/p>\n

The next major support is near $0.500. If there is a downside break and a close below the $0.50 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.486 support zone or the 50% Fib retracement level of the upward wave from the $0.4432 swing low to the $0.5286 high.<\/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 in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.505, $0.500, and $0.486.<\/p>\n

Major Resistance Levels \u2013 $0.525, $0.532, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565.<\/em><\/p>\n

Ripple\u2019s token price started a decent increase above the $0.500 resistance against the US dollar.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise toward the $0.545 and $0.550 resistance levels.<\/p>\n

Ripple Price Forms Bullish Trend<\/h2>\n

In the past few days, Ripple\u2019s XRP gained bullish momentum above the $0.45 resistance against the US Dollar. It outperformed Bitcoin<\/a> and Ethereum<\/a> to start a steady bullish trend above $0.465.<\/p>\n

There was a clear move above the $0.480 and $0.488 resistance levels. Finally, the bulls were able to push the price above $0.500. A high is formed near $0.5286 and the price recently saw a minor downside correction. There was a move below the 23.6% Fib retracement level of the upward wave from the $0.4432 swing low to the $0.5286 high.<\/p>\n

XRP price is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

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

Initial resistance on the upside is near the $0.5250 zone. The first major resistance is near the $0.532 level. A successful break above the $0.532 resistance level might send the price toward the $0.550 resistance. Any more gains might call for a test of the $0.565 resistance.<\/p>\n

Are Dips Supported in XRP?<\/h2>\n

If ripple fails to clear the $0.525 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.505 zone and the trend line.<\/p>\n

The next major support is near $0.500. If there is a downside break and a close below the $0.50 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.486 support zone or the 50% Fib retracement level of the upward wave from the $0.4432 swing low to the $0.5286 high.<\/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 in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.505, $0.500, and $0.486.<\/p>\n

Major Resistance Levels \u2013 $0.525, $0.532, and $0.550.<\/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-24921","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\/24921","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=24921"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24921\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=24921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=24921"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=24921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}