{"id":15494,"date":"2024-10-22T05:08:32","date_gmt":"2024-10-22T05:08:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=15494"},"modified":"2024-10-22T05:08:32","modified_gmt":"2024-10-22T05:08:32","slug":"xrp-price-stays-range-bound-will-it-soon-make-a-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=15494","title":{"rendered":"XRP Price Stays Range-Bound: Will It Soon Make a Move?"},"content":{"rendered":"

XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term.<\/em><\/p>\n

XRP price is consolidating above the $0.5320 zone.
\nThe price is now trading below $0.5500 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels.<\/p>\n

XRP Price Trades In A Range<\/h2>\n

XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone.<\/p>\n

A high was formed at $0.5600 before the price started to decline like Bitcoin<\/a> and Ethereum<\/a>. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average.<\/p>\n

The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level.<\/p>\n

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

The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000.<\/p>\n

Another Drop?<\/h2>\n

If XRP fails to clear the $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level.<\/p>\n

If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.5420 and $0.5365.<\/p>\n

Major Resistance Levels \u2013 $0.5500 and $0.5550.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading below $0.5500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":15495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15494","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\/15494"}],"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=15494"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15495"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}