{"id":13842,"date":"2024-10-15T05:08:12","date_gmt":"2024-10-15T05:08:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=13842"},"modified":"2024-10-15T05:08:12","modified_gmt":"2024-10-15T05:08:12","slug":"xrp-price-meets-range-resistance-can-it-power-higher","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=13842","title":{"rendered":"XRP Price Meets Range Resistance: Can It Power Higher?"},"content":{"rendered":"

XRP price is moving higher above the $0.5350 support. The price tested the $0.5550 resistance and seems to be struggling to continue higher.<\/em><\/p>\n

XRP price is attempting a fresh increase above the $0.540 zone.
\nThe price is now trading above $0.5420 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $0.5400 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could trim most gains if it fails to stay above the $0.540 support zone.<\/p>\n

XRP Price Revisits Resistance<\/h2>\n

XRP price remained stable above the $0.5320 support. A base was formed and the price started a fresh increase above $0.5400 like Bitcoin<\/a> and Ethereum.<\/p>\n

The price climbed above the $0.5450 and $0.550 resistance levels. However, the bears are active near the key range resistance at $0.5550. A high is formed at $0.5550 and the price is now correcting gains<\/a>. There was a move below the $0.550 level.<\/p>\n

The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5252 swing low to the $0.5550 high. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5400 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

On the upside, the price might face resistance near the $0.5540 level. The first major resistance is near the $0.5550 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term. The next major hurdle might be $0.6120, where the bears might emerge.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.5440 level and the trend line. The next major support is near the $0.5400 level or the 50% Fib retracement level of the upward move from the $0.5252 swing low to the $0.5550 high.<\/p>\n

If there is a downside break and a close below the $0.5400 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5220 zone.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.5440 and $0.5400.<\/p>\n

Major Resistance Levels \u2013 $0.5540 and $0.5550.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is moving higher above the $0.5350 support. The price tested the $0.5550 resistance and seems to be struggling to continue higher. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":13843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13842","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\/13842"}],"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=13842"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/13843"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}