{"id":36536,"date":"2024-02-28T16:53:10","date_gmt":"2024-02-28T20:53:10","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36536"},"modified":"2024-02-28T16:53:10","modified_gmt":"2024-02-28T20:53:10","slug":"xrp-price-prediction-momentum-reignites-as-bulls-aim-for-0-75","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/28\/xrp-price-prediction-momentum-reignites-as-bulls-aim-for-0-75\/","title":{"rendered":"XRP Price Prediction: Momentum Reignites As Bulls Aim For $0.75"},"content":{"rendered":"

XRP price is gaining pace above the $0.550 resistance. The bulls seem to be aiming for a move above the $0.60 and $0.62 resistance levels.<\/em><\/p>\n

XRP started a fresh increase above the $0.550 resistance level.
\nThe price is now trading above $0.575 and the 100 simple moving average (4 hours).
\nThere was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a fresh rally if there is a close above the $0.60 resistance zone.<\/p>\n

XRP Price Restarts Increase<\/h2>\n

In the past few days, XRP price recovered higher from the $0.530 zone. There was a move above the $0.545 and $0.550 resistance levels. However, the upside was less compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP\/USD pair. The pair traded as high as $0.5971, and it is currently consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high.<\/p>\n

Ripple\u2019s token price is now trading above $0.575 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.580 zone. The first key resistance is near $0.600, above which the price could rise toward the $0.620 resistance. A close above the $0.620 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 $0.650. If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.685 resistance. Any more gains might send the price toward the $0.70 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.60 resistance zone, it could start another decline. Initial support on the downside is near the $0.575 zone.<\/p>\n

The next major support is at $0.5630 or the 50% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high. If there is a downside break and a close below the $0.5630 level, the price might accelerate lower. In the stated case, the price could retest the $0.5350 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 60 level.<\/p>\n

Major Support Levels \u2013 $0.575, $0.563, and $0.5350.<\/p>\n

Major Resistance Levels \u2013 $0.5950, $0.600, and $0.620.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is gaining pace above the $0.550 resistance. The bulls seem to be aiming for a move above the $0.60 and $0.62 resistance levels.<\/em><\/p>\n

XRP started a fresh increase above the $0.550 resistance level.
\nThe price is now trading above $0.575 and the 100 simple moving average (4 hours).
\nThere was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a fresh rally if there is a close above the $0.60 resistance zone.<\/p>\n

XRP Price Restarts Increase<\/h2>\n

In the past few days, XRP price recovered higher from the $0.530 zone. There was a move above the $0.545 and $0.550 resistance levels. However, the upside was less compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP\/USD pair. The pair traded as high as $0.5971, and it is currently consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high.<\/p>\n

Ripple\u2019s token price is now trading above $0.575 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.580 zone. The first key resistance is near $0.600, above which the price could rise toward the $0.620 resistance. A close above the $0.620 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 $0.650. If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.685 resistance. Any more gains might send the price toward the $0.70 resistance.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.60 resistance zone, it could start another decline. Initial support on the downside is near the $0.575 zone.<\/p>\n

The next major support is at $0.5630 or the 50% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high. If there is a downside break and a close below the $0.5630 level, the price might accelerate lower. In the stated case, the price could retest the $0.5350 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 60 level.<\/p>\n

Major Support Levels \u2013 $0.575, $0.563, and $0.5350.<\/p>\n

Major Resistance Levels \u2013 $0.5950, $0.600, and $0.620.<\/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-36536","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\/36536","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=36536"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36536\/revisions"}],"predecessor-version":[{"id":36546,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36536\/revisions\/36546"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36536"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}