{"id":33029,"date":"2023-11-23T05:52:46","date_gmt":"2023-11-23T09:52:46","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=33029"},"modified":"2023-11-23T05:52:46","modified_gmt":"2023-11-23T09:52:46","slug":"xrp-price-prediction-indicators-suggest-fresh-bull-run-if-xrp-clears-0-642","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/23\/xrp-price-prediction-indicators-suggest-fresh-bull-run-if-xrp-clears-0-642\/","title":{"rendered":"XRP Price Prediction \u2013 Indicators Suggest Fresh Bull Run If XRP Clears $0.642"},"content":{"rendered":"

XRP price started a downside correction and tested $0.572. The price is now rising and might gain bullish momentum if it clears $0.642.<\/em><\/p>\n

XRP started a downside correction below $0.650 and $0.620.
\nThe price is now trading below $0.640 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.642 resistance zone.<\/p>\n

XRP Price Holds Key Support<\/h2>\n

After facing rejection near the $0.740 zone, XRP started a fresh decline. There was a move below the $0.70 and $0.650 support levels. The price even dived below the $0.60 support, underperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

Finally, the bulls took a stand near $0.572. A low was formed near $0.572 and the price is now attempting a fresh increase. There was a move above the $0.600 resistance. There was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now testing the 23.6% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. On the upside, immediate resistance is near the $0.615 level.<\/p>\n

The first major resistance is near the $0.642 zone or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. A close above the $0.642 resistance zone could spark a steady increase.<\/p>\n

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

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

The next key resistance is near $0.682. If the bulls remain in action above the $0.682 resistance level, there could be a rally toward the $0.720 resistance. Any more gains might send XRP toward the $0.750 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.642 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone.<\/p>\n

The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 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 just above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.588, $0.572, and $0.540.<\/p>\n

Major Resistance Levels \u2013 $0.615, $0.642, and $0.682.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price started a downside correction and tested $0.572. The price is now rising and might gain bullish momentum if it clears $0.642.<\/em><\/p>\n

XRP started a downside correction below $0.650 and $0.620.
\nThe price is now trading below $0.640 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.642 resistance zone.<\/p>\n

XRP Price Holds Key Support<\/h2>\n

After facing rejection near the $0.740 zone, XRP started a fresh decline. There was a move below the $0.70 and $0.650 support levels. The price even dived below the $0.60 support, underperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

Finally, the bulls took a stand near $0.572. A low was formed near $0.572 and the price is now attempting a fresh increase. There was a move above the $0.600 resistance. There was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now testing the 23.6% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. On the upside, immediate resistance is near the $0.615 level.<\/p>\n

The first major resistance is near the $0.642 zone or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.7499 swing high to the $0.5723 low. A close above the $0.642 resistance zone could spark a steady increase.<\/p>\n

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

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

The next key resistance is near $0.682. If the bulls remain in action above the $0.682 resistance level, there could be a rally toward the $0.720 resistance. Any more gains might send XRP toward the $0.750 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.642 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone.<\/p>\n

The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 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 just above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.588, $0.572, and $0.540.<\/p>\n

Major Resistance Levels \u2013 $0.615, $0.642, and $0.682.<\/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-33029","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\/33029","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=33029"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33029\/revisions"}],"predecessor-version":[{"id":33043,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33029\/revisions\/33043"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33029"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}