{"id":25645,"date":"2023-06-20T04:52:37","date_gmt":"2023-06-20T08:52:37","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=25645"},"modified":"2023-06-20T04:52:37","modified_gmt":"2023-06-20T08:52:37","slug":"xrp-price-could-regain-strength-if-it-clears-this-resistance","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/20\/xrp-price-could-regain-strength-if-it-clears-this-resistance\/","title":{"rendered":"XRP Price Could Regain Strength If It Clears This Resistance"},"content":{"rendered":"

Ripple\u2019s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. XRP price could gain bullish momentum if it clears $0.51.<\/em><\/p>\n

Ripple\u2019s token price is holding gains above the $0.480 resistance against the US dollar.
\nThe price is now trading below $0.51 and the 100 simple moving average (4 hours).
\nThere is a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.50 and $0.51 resistance levels.<\/p>\n

Ripple\u2019s Token Price Aims Fresh INcrease<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.565 resistance against the US Dollar. It dipped below the $0.525 support zone, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price even spiked below the $0.480 support zone. A low was formed near $0.4550 and the price is now rising. There was a decent increase above the $0.4650 and $0.480 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n

XRP price is now trading below $0.510 and the 100 simple moving average (4 hours). There is also a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.500 zone. The first major resistance is near the $0.510 level and the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n\n

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

A successful break above the $0.51 resistance level might send the price toward the $0.525 resistance. Any more gains might call for a test of the $0.550 resistance.<\/p>\n

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

If ripple fails to clear the $0.51 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 zone and the channel trend line.<\/p>\n

The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.425 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 $0.480, $0.455, and $0.420.<\/p>\n

Major Resistance Levels \u2013 $0.500, $0.510, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. XRP price could gain bullish momentum if it clears $0.51.<\/em><\/p>\n

Ripple\u2019s token price is holding gains above the $0.480 resistance against the US dollar.
\nThe price is now trading below $0.51 and the 100 simple moving average (4 hours).
\nThere is a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.50 and $0.51 resistance levels.<\/p>\n

Ripple\u2019s Token Price Aims Fresh INcrease<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.565 resistance against the US Dollar. It dipped below the $0.525 support zone, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price even spiked below the $0.480 support zone. A low was formed near $0.4550 and the price is now rising. There was a decent increase above the $0.4650 and $0.480 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n

XRP price is now trading below $0.510 and the 100 simple moving average (4 hours). There is also a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.500 zone. The first major resistance is near the $0.510 level and the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n

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

A successful break above the $0.51 resistance level might send the price toward the $0.525 resistance. Any more gains might call for a test of the $0.550 resistance.<\/p>\n

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

If ripple fails to clear the $0.51 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 zone and the channel trend line.<\/p>\n

The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.425 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 $0.480, $0.455, and $0.420.<\/p>\n

Major Resistance Levels \u2013 $0.500, $0.510, 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-25645","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\/25645","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=25645"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25645\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25645"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}