{"id":30444,"date":"2023-10-03T06:52:51","date_gmt":"2023-10-03T10:52:51","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=30444"},"modified":"2023-10-03T06:52:51","modified_gmt":"2023-10-03T10:52:51","slug":"xrp-price-prediction-why-bulls-may-have-a-chance-for-fresh-bullish-streak","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/03\/xrp-price-prediction-why-bulls-may-have-a-chance-for-fresh-bullish-streak\/","title":{"rendered":"XRP Price Prediction \u2013 Why Bulls May Have A Chance For Fresh Bullish Streak?"},"content":{"rendered":"

Ripple\u2019s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50.<\/em><\/p>\n

Ripple\u2019s token price is correcting gains from the 0.550 resistance against the US dollar.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels.<\/p>\n

Ripple\u2019s Token Price Holds Key Support<\/h2>\n

In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high.<\/p>\n

However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

<\/a><\/p>\n

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

On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance.<\/p>\n

More Losses in XRP?<\/h2>\n

If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.475 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.505, $0.500, and $0.490.<\/p>\n

Major Resistance Levels \u2013 $0.520, $0.532, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50.<\/em><\/p>\n

Ripple\u2019s token price is correcting gains from the 0.550 resistance against the US dollar.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels.<\/p>\n

Ripple\u2019s Token Price Holds Key Support<\/h2>\n

In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high.<\/p>\n

However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

<\/a><\/p>\n

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

On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance.<\/p>\n

More Losses in XRP?<\/h2>\n

If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.475 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.505, $0.500, and $0.490.<\/p>\n

Major Resistance Levels \u2013 $0.520, $0.532, 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-30444","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\/30444","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=30444"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30444\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}