{"id":19741,"date":"2024-11-12T04:08:07","date_gmt":"2024-11-12T04:08:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19741"},"modified":"2024-11-12T04:08:07","modified_gmt":"2024-11-12T04:08:07","slug":"xrp-price-sets-sights-on-larger-gains-can-bulls-push-higher","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19741","title":{"rendered":"XRP Price Sets Sights on Larger Gains: Can Bulls Push Higher?"},"content":{"rendered":"

XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains.<\/em><\/p>\n

XRP price is struggling to gain pace like Bitcoin.
\nThe price is now trading above $0.5980 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start another increase if it stays above the $0.5700 support zone.<\/p>\n

XRP Price Holds Support<\/h2>\n

XRP price remained supported above the $0.5550 level. It formed a base and started a fresh increase above $0.5800, but gains were limited compared to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.6150 and $0.62200 resistance levels.<\/p>\n

The bulls even pushed the price above the $0.6300 level before the bears appeared. A high was formed at $0.6336 before there was a pullback. The price dipped below $0.6220 and tested $0.6150. It tested the 50% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high.<\/p>\n

The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high.<\/p>\n

On the upside, the price might face resistance near the $0.6150 level. The first major resistance is near the $0.6220 level. The next key resistance could be $0.6350. A clear move above the $0.6350 resistance might send the price toward the $0.6465 resistance.<\/p>\n

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

Any more gains might send the price toward the $0.6550 resistance or even $0.6720 in the near term. The next major hurdle might be $0.6880.<\/p>\n

Another Drop?<\/h2>\n

If XRP fails to clear the $0.6150 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 level. The next major support is near the $0.5940 level and the trend line.<\/p>\n

If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5700 support in the near term. The next major support sits near the $0.5550 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 $0.5980 and $0.5940.<\/p>\n

Major Resistance Levels \u2013 $0.6150 and $0.6350.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains. XRP price is struggling to gain pace like Bitcoin. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":19742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19741","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\/19741"}],"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=19741"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19742"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}