{"id":32004,"date":"2023-11-07T05:53:26","date_gmt":"2023-11-07T09:53:26","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=32004"},"modified":"2023-11-07T05:53:26","modified_gmt":"2023-11-07T09:53:26","slug":"xrp-price-prediction-bulls-take-breather-but-rally-seems-far-from-over","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/07\/xrp-price-prediction-bulls-take-breather-but-rally-seems-far-from-over\/","title":{"rendered":"XRP Price Prediction \u2013 Bulls Take Breather But Rally Seems Far From Over"},"content":{"rendered":"

XRP price rallied over 20% and climbed above $0.70 against the US Dollar. The price is correcting gains but the bulls might again be active near $0.650.<\/em><\/p>\n

XRP started a strong increase above the $0.680 resistance.
\nThe price is now trading above $0.685 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.6580 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might correct further lower, but the bulls could remain active near $0.6500.<\/p>\n

XRP Price Starts Fresh Rally<\/h2>\n

After starting a decent increase from the $0.532 zone, XRP gained bullish momentum. There was a strong move above the $0.580 and $0.585 resistance levels. It even outperformed Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The bulls even pumped above the $0.650 resistance zone. Finally, a new multi-week high was formed near $0.7329 and the price recently started a downside correction. There was a move below the $0.620 level. The price even declined below the 23.6% Fib retracement level of the upward move from the $0.5866 swing low to the $0.7329 high.<\/p>\n

XRP is now trading above $0.665 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.6580 on the 4-hour chart of the XRP\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $0.5866 swing low to the $0.7329 high.<\/p>\n

On the upside, immediate resistance is near the $0.695 level. The first major resistance is $0.700. A close above the $0.700 level could send the price toward the $0.728 resistance.<\/p>\n

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

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

If the bulls remain in action above the $0.728 resistance level, there could be a rally toward the $0.750 resistance. Any more gains might send XRP toward the $0.785 resistance.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $0.700 resistance zone, it could continue to move down. Initial support on the downside is near the $0.660 zone and the trend line.<\/p>\n

The next major support is at $0.650. If there is a downside break and a close below the $0.650 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.620 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 $0.660, $0.650, and $0.620.<\/p>\n

Major Resistance Levels \u2013 $0.700, $0.728, and $0.750.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price rallied over 20% and climbed above $0.70 against the US Dollar. The price is correcting gains but the bulls might again be active near $0.650.<\/em><\/p>\n

XRP started a strong increase above the $0.680 resistance.
\nThe price is now trading above $0.685 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.6580 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might correct further lower, but the bulls could remain active near $0.6500.<\/p>\n

XRP Price Starts Fresh Rally<\/h2>\n

After starting a decent increase from the $0.532 zone, XRP gained bullish momentum. There was a strong move above the $0.580 and $0.585 resistance levels. It even outperformed Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The bulls even pumped above the $0.650 resistance zone. Finally, a new multi-week high was formed near $0.7329 and the price recently started a downside correction. There was a move below the $0.620 level. The price even declined below the 23.6% Fib retracement level of the upward move from the $0.5866 swing low to the $0.7329 high.<\/p>\n

XRP is now trading above $0.665 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.6580 on the 4-hour chart of the XRP\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $0.5866 swing low to the $0.7329 high.<\/p>\n

On the upside, immediate resistance is near the $0.695 level. The first major resistance is $0.700. A close above the $0.700 level could send the price toward the $0.728 resistance.<\/p>\n

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

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

If the bulls remain in action above the $0.728 resistance level, there could be a rally toward the $0.750 resistance. Any more gains might send XRP toward the $0.785 resistance.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $0.700 resistance zone, it could continue to move down. Initial support on the downside is near the $0.660 zone and the trend line.<\/p>\n

The next major support is at $0.650. If there is a downside break and a close below the $0.650 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.620 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 $0.660, $0.650, and $0.620.<\/p>\n

Major Resistance Levels \u2013 $0.700, $0.728, and $0.750.<\/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-32004","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\/32004","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=32004"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32004\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=32004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=32004"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=32004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}