{"id":18513,"date":"2024-11-07T04:08:57","date_gmt":"2024-11-07T04:08:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18513"},"modified":"2024-11-07T04:08:57","modified_gmt":"2024-11-07T04:08:57","slug":"xrp-price-ready-to-rally-signs-point-to-a-bullish-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18513","title":{"rendered":"XRP Price Ready to Rally? Signs Point to a Bullish Move"},"content":{"rendered":"

XRP price is gaining pace above the $0.5350 support zone. The price is rising and might even aim for a move above the $0.5650 resistance.<\/em><\/p>\n

XRP price is gaining pace above the $0.5350 zone.
\nThe price is now trading above $0.5400 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it settles above the $0.5550 resistance zone.<\/p>\n

XRP Price Gains Strength<\/h2>\n

XRP price remained supported above the $0.5050 level. It formed a base and started a fresh increase above $0.5150 like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.5320 and $0.5350 resistance levels.<\/p>\n

The bulls even pushed the price above the $0.5500 barrier. A high is formed at $0.5580 and the price is now eyeing more gains. It is stable above the 23.6% Fib retracement level of the upward move from the $0.5267 swing low to the $0.5580 high.<\/p>\n

The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP\/USD pair.<\/p>\n

On the upside, the price might face resistance near the $0.5580 level. The first major resistance is near the $0.5650 level. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5800 resistance.<\/p>\n

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

Any more gains might send the price toward the $0.5880 resistance or even $0.5920 in the near term. The next major hurdle might be $0.6000.<\/p>\n

Are Dips Supported?<\/h2>\n

If XRP fails to clear the $0.5580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5500 level. The next major support is near the $0.5450 level and the trend line.<\/p>\n

If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5350 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 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 $0.5450 and $0.5350.<\/p>\n

Major Resistance Levels \u2013 $0.5580 and $0.5650.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is gaining pace above the $0.5350 support zone. The price is rising and might even aim for a move above the $0.5650 resistance. XRP price is gaining pace above the $0.5350 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":18514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18513","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\/18513"}],"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=18513"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18514"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}