{"id":33723,"date":"2023-12-05T05:52:38","date_gmt":"2023-12-05T09:52:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=33723"},"modified":"2023-12-05T05:52:38","modified_gmt":"2023-12-05T09:52:38","slug":"xrp-price-prediction-key-upside-break-could-trigger-fresh-surge","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/05\/xrp-price-prediction-key-upside-break-could-trigger-fresh-surge\/","title":{"rendered":"XRP Price Prediction \u2013 Key Upside Break Could Trigger Fresh Surge"},"content":{"rendered":"

XRP price is eyeing a key upside break above the $0.650 resistance. The price could rally toward $0.70 if it clears the $0.650 resistance.<\/em><\/p>\n

XRP is slowly moving higher above the $0.612 level.
\nThe price is now trading above $0.615 and the 100 simple moving average (4 hours).
\nThere was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.645 and $0.650 resistance levels.<\/p>\n

XRP Price Aims Higher<\/h2>\n

In the past few days, XRP formed a base above the $0.5880 pivot level. The price started a decent increase above the $0.600 resistance but failed to rally like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the 23.6% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Besides, there was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading above $0.615 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 level. The first major resistance is near the $0.645 zone or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low.<\/p>\n

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

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

The main resistance sits at $0.650. A close above the $0.650 resistance zone could spark a steady increase. The next key resistance is near $0.685. If the bulls remain in action above the $0.658 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.615 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.600, $0.588, and $0.572.<\/p>\n

Major Resistance Levels \u2013 $0.645, $0.650, and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is eyeing a key upside break above the $0.650 resistance. The price could rally toward $0.70 if it clears the $0.650 resistance.<\/em><\/p>\n

XRP is slowly moving higher above the $0.612 level.
\nThe price is now trading above $0.615 and the 100 simple moving average (4 hours).
\nThere was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.645 and $0.650 resistance levels.<\/p>\n

XRP Price Aims Higher<\/h2>\n

In the past few days, XRP formed a base above the $0.5880 pivot level. The price started a decent increase above the $0.600 resistance but failed to rally like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the 23.6% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Besides, there was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading above $0.615 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 level. The first major resistance is near the $0.645 zone or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low.<\/p>\n

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

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

The main resistance sits at $0.650. A close above the $0.650 resistance zone could spark a steady increase. The next key resistance is near $0.685. If the bulls remain in action above the $0.658 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.615 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.600, $0.588, and $0.572.<\/p>\n

Major Resistance Levels \u2013 $0.645, $0.650, and $0.700.<\/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-33723","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\/33723","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=33723"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33723\/revisions"}],"predecessor-version":[{"id":33733,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33723\/revisions\/33733"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33723"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}