{"id":10876,"date":"2024-10-02T04:08:21","date_gmt":"2024-10-02T04:08:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=10876"},"modified":"2024-10-02T04:08:21","modified_gmt":"2024-10-02T04:08:21","slug":"xrp-price-fights-to-regain-momentum-will-it-break-through","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=10876","title":{"rendered":"XRP Price Fights to Regain Momentum: Will It Break Through??"},"content":{"rendered":"

XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.<\/em><\/p>\n

XRP price declined further below the $0.6120 zone.
\nThe price is now trading below $0.6250 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels.<\/p>\n

XRP Price Eyes Fresh Increase<\/h2>\n

XRP price extended its decline below the $0.6320 level like Bitcoin<\/a> and Ethereum<\/a>. The price even declined below the $0.6000 support zone.<\/p>\n

A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low.<\/p>\n

The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair.<\/p>\n

It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The first major resistance is near the $0.6250 level.<\/p>\n

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

The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level.<\/p>\n

If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.5920 and $0.5780.<\/p>\n

Major Resistance Levels \u2013 $0.6220 and $0.6250.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620. XRP price declined further below the $0.6120 zone. The price is now trading below $0.6250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":10877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10876"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/10877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}