{"id":26311,"date":"2023-07-05T05:53:21","date_gmt":"2023-07-05T09:53:21","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26311"},"modified":"2023-07-05T05:53:21","modified_gmt":"2023-07-05T09:53:21","slug":"xrp-price-could-regain-strength-above-this-key-resistance","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/05\/xrp-price-could-regain-strength-above-this-key-resistance\/","title":{"rendered":"XRP Price Could Regain Strength Above This Key Resistance"},"content":{"rendered":"

Ripple\u2019s token price is moving higher from $0.4560 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.4960 resistance zone.<\/em><\/p>\n

Ripple\u2019s token price is moving higher toward the $0.4960 resistance against the US dollar.
\nThe price is now trading above $0.48 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.4960 resistance in the near term.<\/p>\n

Ripple\u2019s Token Price Starts Fresh Increase<\/h2>\n

This past week, Ripple\u2019s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.500 support zone. The price even spiked below the $0.465 support.<\/p>\n

A low is formed near $0.4460 and the price is now rising, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.455 and $0.465 resistance levels. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low.<\/p>\n

XRP price is now trading above $0.480 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.4960 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. The next major resistance is near the $0.5050 level.<\/p>\n\n

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

A successful break above the $0.505 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 $0.496 resistance zone, it could start another decline. Initial support on the downside is near the $0.486 zone and the trend line.<\/p>\n

The next major support is near $0.476. If there is a downside break and a close below the $0.476 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.456 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 $0.485, $0.476, and $0.456.<\/p>\n

Major Resistance Levels \u2013 $0.496, $0.505, and $0.525.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is moving higher from $0.4560 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.4960 resistance zone.<\/em><\/p>\n

Ripple\u2019s token price is moving higher toward the $0.4960 resistance against the US dollar.
\nThe price is now trading above $0.48 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.4960 resistance in the near term.<\/p>\n

Ripple\u2019s Token Price Starts Fresh Increase<\/h2>\n

This past week, Ripple\u2019s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.500 support zone. The price even spiked below the $0.465 support.<\/p>\n

A low is formed near $0.4460 and the price is now rising, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.455 and $0.465 resistance levels. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low.<\/p>\n

XRP price is now trading above $0.480 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.4960 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. The next major resistance is near the $0.5050 level.<\/p>\n

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

A successful break above the $0.505 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 $0.496 resistance zone, it could start another decline. Initial support on the downside is near the $0.486 zone and the trend line.<\/p>\n

The next major support is near $0.476. If there is a downside break and a close below the $0.476 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.456 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 $0.485, $0.476, and $0.456.<\/p>\n

Major Resistance Levels \u2013 $0.496, $0.505, and $0.525.<\/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-26311","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\/26311","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=26311"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26311\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26311"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}