{"id":25341,"date":"2023-06-13T04:52:47","date_gmt":"2023-06-13T08:52:47","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=25341"},"modified":"2023-06-13T04:52:47","modified_gmt":"2023-06-13T08:52:47","slug":"xrp-price-targets-fresh-highs-while-other-altcoins-bleed","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/13\/xrp-price-targets-fresh-highs-while-other-altcoins-bleed\/","title":{"rendered":"XRP Price Targets Fresh Highs While Other Altcoins Bleed"},"content":{"rendered":"

Ripple\u2019s token price is rising above the $0.52 resistance against the US Dollar. XRP price is trading in a bullish zone while ADA, BNB, and other altcoins bleed.<\/em><\/p>\n

Ripple\u2019s token price is holding gains above the $0.500 resistance against the US dollar.
\nThe price is now trading above $0.515 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.545 and $0.550 resistance levels.<\/p>\n

Ripple\u2019s Token Price Holds Ground<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.540 resistance against the US Dollar. It dipped below the $0.52 support zone and saw bearish moves, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

However, the bulls were active near the $0.475 zone. A low was formed near $0.4752 and the price is now rising. It trimmed most of its losses while ADA and BNB<\/a> were tumbling. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.<\/p>\n

XRP price is now trading above $0.515 and the 100 simple moving average (4 hours). It is testing the 76.4% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.<\/p>\n\n

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

Initial resistance on the upside is near the $0.535 zone. There is also a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP\/USD pair. The first major resistance is near the $0.545 level. A successful break above the $0.545 resistance level might send the price toward the $0.565 resistance. Any more gains might call for a test of the $0.580 resistance.<\/p>\n

Fresh Decline in XRP?<\/h2>\n

If ripple fails to clear the $0.535 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.515 zone.<\/p>\n

The next major support is near $0.501. If there is a downside break and a close below the $0.501 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.480 support zone.<\/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 $0.515, $0.501, and $0.480.<\/p>\n

Major Resistance Levels \u2013 $0.535, $0.545, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is rising above the $0.52 resistance against the US Dollar. XRP price is trading in a bullish zone while ADA, BNB, and other altcoins bleed.<\/em><\/p>\n

Ripple\u2019s token price is holding gains above the $0.500 resistance against the US dollar.
\nThe price is now trading above $0.515 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.545 and $0.550 resistance levels.<\/p>\n

Ripple\u2019s Token Price Holds Ground<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.540 resistance against the US Dollar. It dipped below the $0.52 support zone and saw bearish moves, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

However, the bulls were active near the $0.475 zone. A low was formed near $0.4752 and the price is now rising. It trimmed most of its losses while ADA and BNB<\/a> were tumbling. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.<\/p>\n

XRP price is now trading above $0.515 and the 100 simple moving average (4 hours). It is testing the 76.4% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.<\/p>\n

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

Initial resistance on the upside is near the $0.535 zone. There is also a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP\/USD pair. The first major resistance is near the $0.545 level. A successful break above the $0.545 resistance level might send the price toward the $0.565 resistance. Any more gains might call for a test of the $0.580 resistance.<\/p>\n

Fresh Decline in XRP?<\/h2>\n

If ripple fails to clear the $0.535 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.515 zone.<\/p>\n

The next major support is near $0.501. If there is a downside break and a close below the $0.501 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.480 support zone.<\/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 $0.515, $0.501, and $0.480.<\/p>\n

Major Resistance Levels \u2013 $0.535, $0.545, 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-25341","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\/25341","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=25341"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25341\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25341"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}