{"id":34399,"date":"2023-12-22T04:52:48","date_gmt":"2023-12-22T08:52:48","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34399"},"modified":"2023-12-22T04:52:48","modified_gmt":"2023-12-22T08:52:48","slug":"xrp-price-could-be-soon-the-next-one-to-rally-heres-why","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/22\/xrp-price-could-be-soon-the-next-one-to-rally-heres-why\/","title":{"rendered":"XRP Price Could Be Soon The Next One To Rally \u2013 Here\u2019s Why"},"content":{"rendered":"

XRP price is eyeing a fresh rally above the $0.630 resistance. The price could gain bullish momentum if it clears the $0.630 and $0.640 resistance levels.<\/em><\/p>\n

XRP is slowly moving higher from the $0.600 support level.
\nThe price is now trading below $0.630 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.630 and $0.640 resistance levels.<\/p>\n

XRP Price Aims Fresh Surge<\/h2>\n

After a major decline, XRP found support near the $0.580 zone. A low was formed near $0.5781, and the price started a steady increase. There was a move above the $0.600 resistance, but XRP lagged momentum compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above the 23.6% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.630 zone. It is close to the 50% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low.<\/p>\n

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

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

The first major resistance is near the $0.640 zone. A close above the $0.640 resistance zone could spark a strong increase. The next key resistance is near $0.672. If the bulls remain in action above the $0.672 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.630 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.606 zone.<\/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 $0.578 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $0.606, $0.600, and $0.578.<\/p>\n

Major Resistance Levels \u2013 $0.630, $0.640, and $0.672.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is eyeing a fresh rally above the $0.630 resistance. The price could gain bullish momentum if it clears the $0.630 and $0.640 resistance levels.<\/em><\/p>\n

XRP is slowly moving higher from the $0.600 support level.
\nThe price is now trading below $0.630 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.630 and $0.640 resistance levels.<\/p>\n

XRP Price Aims Fresh Surge<\/h2>\n

After a major decline, XRP found support near the $0.580 zone. A low was formed near $0.5781, and the price started a steady increase. There was a move above the $0.600 resistance, but XRP lagged momentum compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above the 23.6% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.630 zone. It is close to the 50% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low.<\/p>\n

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

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

The first major resistance is near the $0.640 zone. A close above the $0.640 resistance zone could spark a strong increase. The next key resistance is near $0.672. If the bulls remain in action above the $0.672 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.630 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.606 zone.<\/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 $0.578 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $0.606, $0.600, and $0.578.<\/p>\n

Major Resistance Levels \u2013 $0.630, $0.640, and $0.672.<\/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-34399","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\/34399","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=34399"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34399\/revisions"}],"predecessor-version":[{"id":34405,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34399\/revisions\/34405"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34399"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}