{"id":18203,"date":"2024-11-06T04:28:06","date_gmt":"2024-11-06T04:28:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18203"},"modified":"2024-11-06T04:28:06","modified_gmt":"2024-11-06T04:28:06","slug":"xrp-price-momentum-reignites-as-bitcoin-hits-new-ath-is-a-major-rally-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18203","title":{"rendered":"XRP Price Momentum Reignites As Bitcoin Hits New ATH: Is a Major Rally in Sight?"},"content":{"rendered":"

XRP price is gaining pace above the $0.5050 support zone. The price is rising and might even aim for a move above the $0.5500 resistance.<\/em><\/p>\n

XRP price is eyeing a decent increase above the $0.5250 zone.
\nThe price is now trading above $0.5220 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it settles above the $0.5350 resistance zone.<\/p>\n

XRP Price Climbs 4%<\/h2>\n

XRP price remained supported above the $0.4880 level. It formed a base and started a fresh increase above $0.5050 like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.5120 and $0.5200 resistance levels. There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP\/USD pair. Finally, it tested the $0.5365 zone. A high is formed at $0.5368 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high.<\/p>\n

The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level. The first major resistance is near the $0.5365 level.<\/p>\n

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

The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5665 resistance or even $0.5720 in the near term. The next major hurdle might be $0.5840.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5250 level. The next major support is near the $0.5155 level or the 50% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high.<\/p>\n

If there is a downside break and a close below the $0.5155 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.500 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 $0.5250 and $0.5155.<\/p>\n

Major Resistance Levels \u2013 $0.5350 and $0.5500.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is gaining pace above the $0.5050 support zone. The price is rising and might even aim for a move above the $0.5500 resistance. XRP price is eyeing a decent increase above the $0.5250 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":18204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18203","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\/18203"}],"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=18203"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18204"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}