{"id":17609,"date":"2024-11-04T04:28:12","date_gmt":"2024-11-04T04:28:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=17609"},"modified":"2024-11-04T04:28:12","modified_gmt":"2024-11-04T04:28:12","slug":"xrp-price-resilient-above-0-50-while-markets-turn-red","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=17609","title":{"rendered":"XRP Price Resilient Above $0.50 While Markets Turn Red"},"content":{"rendered":"

XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance.<\/em><\/p>\n

XRP price is eyeing a decent increase above the $0.5120 zone.
\nThe price is now trading below $0.5100 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it settles above the $0.5120 resistance zone.<\/p>\n

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

XRP price extended losses below the $0.5050 support zone. The price even declined below $0.5020 before the bulls emerged, but losses were limited compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

A low was formed at $0.4921 and the price started a fresh increase. There was a move above the $0.4980 and $0.500 resistance levels. It cleared the 23.6% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low.<\/p>\n

Besides, there was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $0.5080 level or the 50% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. The first major resistance is near the $0.5120 level.<\/p>\n

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

The next key resistance could be $0.5160. A clear move above the $0.5160 resistance might send the price toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance or even $0.5350 in the near term. The next major hurdle might be $0.550.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5080 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level.<\/p>\n

If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4920 support in the near term. The next major support sits near the $0.4880 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5000 and $0.4950.<\/p>\n

Major Resistance Levels \u2013 $0.5080 and $0.5120.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance. XRP price is eyeing a decent increase above the $0.5120 zone. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":17610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17609","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\/17609"}],"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=17609"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/17610"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}