{"id":29798,"date":"2023-09-19T04:52:51","date_gmt":"2023-09-19T08:52:51","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29798"},"modified":"2023-09-19T04:52:51","modified_gmt":"2023-09-19T08:52:51","slug":"xrp-price-prediction-will-it-break-through-this-key-resistance-and-rally","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/19\/xrp-price-prediction-will-it-break-through-this-key-resistance-and-rally\/","title":{"rendered":"XRP Price Prediction \u2013 Will It Break Through This Key Resistance and Rally?"},"content":{"rendered":"

Ripple\u2019s token price is rising above $0.50 against the US Dollar. XRP price could start a fresh rally if it clears the $0.515 and $0.525 resistance levels.<\/em><\/p>\n

Ripple\u2019s token price is attempting a move above $0.515 and $0.525 against the US dollar.
\nThe price is now trading above $0.500 and the 100 simple moving average (4 hours).
\nThere is a connecting bullish trend line forming with support near $0.500 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 Could Accelerate Above $0.515<\/h2>\n

In the last XRP price prediction<\/a>, we discussed a possible upward move in Ripple\u2019s XRP against the US Dollar. The price did follow a positive path above the $0.480 pivot level, like Bitcoin and Ethereum<\/a>.<\/p>\n

There was a clear move above the $0.50 resistance zone. It climbed above the 50% Fib retracement level of the key decline from the $0.5491 swing high to the $0.4590 low. The bulls are now attempting more gains above the $0.515 resistance.<\/p>\n

XRP is now trading above $0.500 and the 100 simple moving average (4 hours). Besides, there is a connecting bullish trend line forming with support near $0.500 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $0.515 level. It is close to the 61.8% Fib retracement level of the key decline from the $0.5491 swing high to the $0.4590 low. \u00a0The next major resistance is near the $0.5250 level. A close above the $0.525 level could send the price toward the $0.550 barrier.<\/p>\n\n

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

A successful break above the $0.550 resistance level might start a strong rally toward the $0.585 resistance. Any more gains might call for a test of the $0.600 resistance.<\/p>\n

Are Dips Limited in XRP?<\/h2>\n

If ripple fails to clear the $0.515 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.50 zone and the trend line.<\/p>\n

The next major support is at $0.490. If there is a downside break and a close below the $0.490 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.458 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 $0.500, $0.490, and $0.458.<\/p>\n

Major Resistance Levels \u2013 $0.515, $0.525, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is rising above $0.50 against the US Dollar. XRP price could start a fresh rally if it clears the $0.515 and $0.525 resistance levels.<\/em><\/p>\n

Ripple\u2019s token price is attempting a move above $0.515 and $0.525 against the US dollar.
\nThe price is now trading above $0.500 and the 100 simple moving average (4 hours).
\nThere is a connecting bullish trend line forming with support near $0.500 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 Could Accelerate Above $0.515<\/h2>\n

In the last XRP price prediction<\/a>, we discussed a possible upward move in Ripple\u2019s XRP against the US Dollar. The price did follow a positive path above the $0.480 pivot level, like Bitcoin and Ethereum<\/a>.<\/p>\n

There was a clear move above the $0.50 resistance zone. It climbed above the 50% Fib retracement level of the key decline from the $0.5491 swing high to the $0.4590 low. The bulls are now attempting more gains above the $0.515 resistance.<\/p>\n

XRP is now trading above $0.500 and the 100 simple moving average (4 hours). Besides, there is a connecting bullish trend line forming with support near $0.500 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $0.515 level. It is close to the 61.8% Fib retracement level of the key decline from the $0.5491 swing high to the $0.4590 low. \u00a0The next major resistance is near the $0.5250 level. A close above the $0.525 level could send the price toward the $0.550 barrier.<\/p>\n

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

A successful break above the $0.550 resistance level might start a strong rally toward the $0.585 resistance. Any more gains might call for a test of the $0.600 resistance.<\/p>\n

Are Dips Limited in XRP?<\/h2>\n

If ripple fails to clear the $0.515 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.50 zone and the trend line.<\/p>\n

The next major support is at $0.490. If there is a downside break and a close below the $0.490 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.458 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 $0.500, $0.490, and $0.458.<\/p>\n

Major Resistance Levels \u2013 $0.515, $0.525, 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-29798","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\/29798","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=29798"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29798\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29798"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}