{"id":34489,"date":"2023-12-26T04:53:32","date_gmt":"2023-12-26T08:53:32","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34489"},"modified":"2023-12-26T04:53:32","modified_gmt":"2023-12-26T08:53:32","slug":"xrp-price-regains-strength-as-the-bulls-aim-for-10-surge","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/26\/xrp-price-regains-strength-as-the-bulls-aim-for-10-surge\/","title":{"rendered":"XRP Price Regains Strength As The Bulls Aim For 10% Surge"},"content":{"rendered":"

XRP price is moving higher from the $0.578 support. The price seems to be setting up for a fresh surge toward the $0.680 and $0.700 levels.<\/em><\/p>\n

XRP is attempting a fresh increase from the $0.578 support level.
\nThe price is now trading above $0.620 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.650 and $0.655 resistance levels.<\/p>\n

XRP Price Could Surge To $0.70<\/h2>\n

After forming a base near the $0.578 zone, XRP price started a decent increase. There was a move above the $0.595 and $0.600 resistance levels. The price even cleared the $0.630 resistance.<\/p>\n

There was a spike above the 50% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low. The price is now up over 3%, outperforming Bitcoin<\/a> and Ethereum<\/a>. It is now facing resistance near the $0.650 zone.<\/p>\n

There is also a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP\/USD pair. The channel resistance is near the 61.8% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low.<\/p>\n

The price is now trading above $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.650 zone. The next major resistance is near the $0.655 zone. A close above the $0.655 resistance zone could spark a strong increase.<\/p>\n

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

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

The next key resistance is near $0.684. If the bulls remain in action above the $0.684 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

Fresh 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 $0.620 zone and the channel trend line.<\/p>\n

The next major support is at $0.606. If there is a downside break and a close below the $0.606 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 gaining 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 $0.620, $0.606, and $0.578.<\/p>\n

Major Resistance Levels \u2013 $0.650, $0.655, and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is moving higher from the $0.578 support. The price seems to be setting up for a fresh surge toward the $0.680 and $0.700 levels.<\/em><\/p>\n

XRP is attempting a fresh increase from the $0.578 support level.
\nThe price is now trading above $0.620 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.650 and $0.655 resistance levels.<\/p>\n

XRP Price Could Surge To $0.70<\/h2>\n

After forming a base near the $0.578 zone, XRP price started a decent increase. There was a move above the $0.595 and $0.600 resistance levels. The price even cleared the $0.630 resistance.<\/p>\n

There was a spike above the 50% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low. The price is now up over 3%, outperforming Bitcoin<\/a> and Ethereum<\/a>. It is now facing resistance near the $0.650 zone.<\/p>\n

There is also a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP\/USD pair. The channel resistance is near the 61.8% Fib retracement level of the downward move from the $0.700 swing high to the $0.578 swing low.<\/p>\n

The price is now trading above $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.650 zone. The next major resistance is near the $0.655 zone. A close above the $0.655 resistance zone could spark a strong increase.<\/p>\n

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

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

The next key resistance is near $0.684. If the bulls remain in action above the $0.684 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

Fresh 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 $0.620 zone and the channel trend line.<\/p>\n

The next major support is at $0.606. If there is a downside break and a close below the $0.606 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 gaining 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 $0.620, $0.606, and $0.578.<\/p>\n

Major Resistance Levels \u2013 $0.650, $0.655, 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-34489","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\/34489","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=34489"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34489\/revisions"}],"predecessor-version":[{"id":34495,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34489\/revisions\/34495"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34489"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}