{"id":31226,"date":"2023-10-20T04:54:25","date_gmt":"2023-10-20T08:54:25","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=31226"},"modified":"2023-10-20T04:54:25","modified_gmt":"2023-10-20T08:54:25","slug":"xrp-price-prediction-rally-to-0-55-on-the-cards-as-dips-turns-attractive","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/20\/xrp-price-prediction-rally-to-0-55-on-the-cards-as-dips-turns-attractive\/","title":{"rendered":"XRP Price Prediction \u2013 Rally To $0.55 On The Cards As Dips Turns Attractive"},"content":{"rendered":"

XRP price is gaining pace above the $0.50 resistance against the US Dollar. The SEC\u2019s case against Ripple\u2019s executives was dropped, sparking bullish moves.<\/em><\/p>\n

The price started a strong increase above the $0.50 resistance.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might correct lower, but the bulls could remain active near $0.50.<\/p>\n

XRP Price Jumps 10%<\/h2>\n

After forming a base above the $0.480 level, XRP started a fresh increase. Recently, the SEC dropped its case against Ripple\u2019s executives. It sparked a sharp increase in XRP above the $0.50 resistance.<\/p>\n

There was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP\/USD pair. The pair even broke the 50% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low.<\/p>\n

XRP price is now trading above $0.505 and the 100 simple moving average (4 hours). It is also helping Bitcoin<\/a>, Ethereum<\/a>, Solana<\/a>, and other cryptocurrencies in moving higher.<\/p>\n

On the upside, immediate resistance is near the $0.524 level or the 61.8% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low. The first major resistance is near the $0.532 level. A close above the $0.532 level could send the price toward the $0.550 resistance.<\/p>\n

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

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

If the bulls remain in action above the $0.550 resistance level, there could be a drift toward the $0.565 resistance. Any more gains might send XRP toward the $0.585 resistance.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $0.524 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.512 zone.<\/p>\n

The next major support is at $0.505. If there is a downside break and a close below the $0.505 level, the price might accelerate lower. In the stated case, the price could retest the $0.4850 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.512, $0.505, and $0.485.<\/p>\n

Major Resistance Levels \u2013 $0.524, $0.532, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is gaining pace above the $0.50 resistance against the US Dollar. The SEC\u2019s case against Ripple\u2019s executives was dropped, sparking bullish moves.<\/em><\/p>\n

The price started a strong increase above the $0.50 resistance.
\nThe price is now trading above $0.505 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might correct lower, but the bulls could remain active near $0.50.<\/p>\n

XRP Price Jumps 10%<\/h2>\n

After forming a base above the $0.480 level, XRP started a fresh increase. Recently, the SEC dropped its case against Ripple\u2019s executives. It sparked a sharp increase in XRP above the $0.50 resistance.<\/p>\n

There was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP\/USD pair. The pair even broke the 50% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low.<\/p>\n

XRP price is now trading above $0.505 and the 100 simple moving average (4 hours). It is also helping Bitcoin<\/a>, Ethereum<\/a>, Solana<\/a>, and other cryptocurrencies in moving higher.<\/p>\n

On the upside, immediate resistance is near the $0.524 level or the 61.8% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low. The first major resistance is near the $0.532 level. A close above the $0.532 level could send the price toward the $0.550 resistance.<\/p>\n

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

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

If the bulls remain in action above the $0.550 resistance level, there could be a drift toward the $0.565 resistance. Any more gains might send XRP toward the $0.585 resistance.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $0.524 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.512 zone.<\/p>\n

The next major support is at $0.505. If there is a downside break and a close below the $0.505 level, the price might accelerate lower. In the stated case, the price could retest the $0.4850 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.512, $0.505, and $0.485.<\/p>\n

Major Resistance Levels \u2013 $0.524, $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-31226","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\/31226","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=31226"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31226\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31226"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}