{"id":26993,"date":"2023-07-19T11:52:43","date_gmt":"2023-07-19T15:52:43","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=26993"},"modified":"2023-07-19T11:52:43","modified_gmt":"2023-07-19T15:52:43","slug":"xrp-price-resumes-rally-heres-why-it-could-surpass-1-this-time","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/19\/xrp-price-resumes-rally-heres-why-it-could-surpass-1-this-time\/","title":{"rendered":"XRP Price Resumes Rally \u2013 Here\u2019s Why It Could Surpass $1 This Time"},"content":{"rendered":"

Ripple\u2019s token price is moving higher from $0.6650 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.8065 resistance zone.<\/em><\/p>\n

Ripple\u2019s token price is moving higher toward the $0.8065 resistance against the US dollar.
\nThe price is now trading above $0.75 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.8065 resistance in the near term.<\/p>\n

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

After a strong rally, Ripple\u2019s XRP saw a downside correction from the $0.9500 resistance against the US Dollar. It dipped below the $0.820 support zone. The price even spiked below the $0.70 support.<\/p>\n

A low is formed near $0.6655 and the price is now rising, unlike Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.70 and $0.72 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low.<\/p>\n

XRP price is now trading above $0.70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.8065 zone. It is close to the 50% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low. The next major resistance is near the $0.840 level.<\/p>\n\n

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

A successful break above the $0.84 resistance level might send the price toward the $0.90 resistance. Any more gains might call for a test of the $1 resistance.<\/p>\n

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

If ripple fails to clear the $0.8065 resistance zone, it could start another decline. Initial support on the downside is near the $0.75 zone and the trend line.<\/p>\n

The next major support is near $0.70. If there is a downside break and a close below the $0.70 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.62 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 $0.75, $0.72, and $0.70.<\/p>\n

Major Resistance Levels \u2013 $0.8065, $0.84, and $0.95.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is moving higher from $0.6650 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.8065 resistance zone.<\/em><\/p>\n

Ripple\u2019s token price is moving higher toward the $0.8065 resistance against the US dollar.
\nThe price is now trading above $0.75 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to rise if it clears the $0.8065 resistance in the near term.<\/p>\n

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

After a strong rally, Ripple\u2019s XRP saw a downside correction from the $0.9500 resistance against the US Dollar. It dipped below the $0.820 support zone. The price even spiked below the $0.70 support.<\/p>\n

A low is formed near $0.6655 and the price is now rising, unlike Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.70 and $0.72 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low.<\/p>\n

XRP price is now trading above $0.70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

Initial resistance on the upside is near the $0.8065 zone. It is close to the 50% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low. The next major resistance is near the $0.840 level.<\/p>\n

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

A successful break above the $0.84 resistance level might send the price toward the $0.90 resistance. Any more gains might call for a test of the $1 resistance.<\/p>\n

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

If ripple fails to clear the $0.8065 resistance zone, it could start another decline. Initial support on the downside is near the $0.75 zone and the trend line.<\/p>\n

The next major support is near $0.70. If there is a downside break and a close below the $0.70 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.62 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 $0.75, $0.72, and $0.70.<\/p>\n

Major Resistance Levels \u2013 $0.8065, $0.84, and $0.95.<\/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-26993","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\/26993","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=26993"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26993\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26993"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}