{"id":29669,"date":"2023-09-15T05:54:00","date_gmt":"2023-09-15T09:54:00","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=29669"},"modified":"2023-09-15T05:54:00","modified_gmt":"2023-09-15T09:54:00","slug":"xrp-price-prediction-key-reasons-why-bulls-could-aim-rally-to-0-60","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/15\/xrp-price-prediction-key-reasons-why-bulls-could-aim-rally-to-0-60\/","title":{"rendered":"XRP Price Prediction \u2013 Key Reasons Why Bulls Could Aim Rally To $0.60"},"content":{"rendered":"

Ripple\u2019s token price is recovering higher from $0.458 against the US Dollar. XRP price could start a fresh rally if it clears the $0.505 and $0.515 resistance levels.<\/em><\/p>\n

Ripple\u2019s token price is attempting a move above $0.510 and $0.525 against the US dollar.
\nThe price is now trading below $0.505 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might gain bullish momentum if there is a close above $0.515.<\/p>\n

Ripple\u2019s Token Price Eyes Bullish Break<\/h2>\n

After another drop, Ripple\u2019s XRP found support near the $0.458 zone against the US Dollar. The price traded as low as $0.4589 and recently started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.480 resistance. XRP climbed above the 23.6% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. Besides, there was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $0.505 and the 100 simple moving average (4 hours). It seems to be facing resistance near the $0.505 zone.<\/p>\n\n

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

The next major resistance is near the $0.5145 level or the 61.8% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might start a strong rally toward the $0.570 resistance. Any more gains might call for a test of the $0.600 resistance.<\/p>\n

Another Rejection in XRP?<\/h2>\n

If ripple fails to clear the $0.5145 resistance zone, it could start another decline. Initial support on the downside is near the $0.484 zone.<\/p>\n

The next major support is at $0.458. If there is a downside break and a close below the $0.458 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.432 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 $0.484, $0.458, and $0.432.<\/p>\n

Major Resistance Levels \u2013 $0.505, $0.515, and $0.525.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is recovering higher from $0.458 against the US Dollar. XRP price could start a fresh rally if it clears the $0.505 and $0.515 resistance levels.<\/em><\/p>\n

Ripple\u2019s token price is attempting a move above $0.510 and $0.525 against the US dollar.
\nThe price is now trading below $0.505 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might gain bullish momentum if there is a close above $0.515.<\/p>\n

Ripple\u2019s Token Price Eyes Bullish Break<\/h2>\n

After another drop, Ripple\u2019s XRP found support near the $0.458 zone against the US Dollar. The price traded as low as $0.4589 and recently started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.480 resistance. XRP climbed above the 23.6% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. Besides, there was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $0.505 and the 100 simple moving average (4 hours). It seems to be facing resistance near the $0.505 zone.<\/p>\n

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

The next major resistance is near the $0.5145 level or the 61.8% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might start a strong rally toward the $0.570 resistance. Any more gains might call for a test of the $0.600 resistance.<\/p>\n

Another Rejection in XRP?<\/h2>\n

If ripple fails to clear the $0.5145 resistance zone, it could start another decline. Initial support on the downside is near the $0.484 zone.<\/p>\n

The next major support is at $0.458. If there is a downside break and a close below the $0.458 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.432 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 $0.484, $0.458, and $0.432.<\/p>\n

Major Resistance Levels \u2013 $0.505, $0.515, 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-29669","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\/29669","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=29669"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29669\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29669"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}