{"id":20058,"date":"2024-11-13T04:18:25","date_gmt":"2024-11-13T04:18:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20058"},"modified":"2024-11-13T04:18:25","modified_gmt":"2024-11-13T04:18:25","slug":"xrp-price-gains-speed-could-the-surge-reach-0-80","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20058","title":{"rendered":"XRP Price Gains Speed: Could The Surge Reach $0.80?"},"content":{"rendered":"

XRP price is up over 10% and moving higher above the $0.620 support zone. The price tested the $0.740 zone and is currently correcting gains.<\/em><\/p>\n

XRP price started a decent increase above the $0.620 resistance.
\nThe price is now trading above $0.6250 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start another increase if it stays above the $0.6200 support zone.<\/p>\n

XRP Price Eyes More Upsides<\/h2>\n

XRP price remained supported above the $0.5850 level. It formed a base and started a fresh increase above $0.6000. It outperformed Bitcoin<\/a> and Ethereum<\/a> in the past two sessions, with a move above the $0.650 resistance.<\/p>\n

The price even climbed above the $0.70 level before the bears appeared. A high was formed at $0.740 before there was a pullback. It dipped below $0.7200 and tested $0.700. The price traded toward the 50% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high.<\/p>\n

The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP\/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high.<\/p>\n

On the upside, the price might face resistance near the $0.700 level. The first major resistance is near the $0.7080 level. The next key resistance could be $0.7250. A clear move above the $0.7250 resistance might send the price toward the $0.740 resistance.<\/p>\n

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

Any more gains might send the price toward the $0.7550 resistance or even $0.7650 in the near term. The next major hurdle might be $0.780.<\/p>\n

Another Drop?<\/h2>\n

If XRP fails to clear the $0.7080 resistance zone, it could start another decline. Initial support on the downside is near the $0.6750 level. The next major support is near the $0.6250 level and the trend line.<\/p>\n

If there is a downside break and a close below the $0.6250 level, the price might continue to decline toward the $0.6050 support in the near term. The next major support sits near the $0.600 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 $0.6750 and $0.6250.<\/p>\n

Major Resistance Levels \u2013 $0.7080 and $0.7250.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is up over 10% and moving higher above the $0.620 support zone. The price tested the $0.740 zone and is currently correcting gains. XRP price started a decent increase above the $0.620 resistance. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":20059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20058","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\/20058"}],"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=20058"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20059"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}