{"id":23183,"date":"2024-11-25T04:18:47","date_gmt":"2024-11-25T04:18:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23183"},"modified":"2024-11-25T04:18:47","modified_gmt":"2024-11-25T04:18:47","slug":"xrp-price-builds-a-base-can-bulls-ignite-a-new-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23183","title":{"rendered":"XRP Price Builds a Base: Can Bulls Ignite a New Rally?"},"content":{"rendered":"

XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides.<\/em><\/p>\n

XRP price started a fresh surge above the $1.40 resistance level.
\nThe price is now trading above $1.350 and the 100-hourly Simple Moving Average.
\nThere is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair is showing positive signs and might extend its rally above the $1.450 resistance.<\/p>\n

XRP Price Holds Gains<\/h2>\n

XRP price formed a base above $1.250 and started a fresh increase. There was a move above the $1.350 and $1.40 resistance levels. It even pumped above the $1.50 level, beating Ethereum<\/a> and Bitcoin<\/a> in the past two days.<\/p>\n

A high was formed at $1.6339 before there was a pullback. The price dipped below the $1.50 support level. A low was formed at $1.3007 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low.<\/p>\n

The price is now trading above $1.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level.<\/p>\n

There is also a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low.<\/p>\n

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

The next key resistance could be $1.500. A clear move above the $1.50 resistance might send the price toward the $1.5550 resistance. Any more gains might send the price toward the $1.620 resistance or even $1.650 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $1.450 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3450 level. The next major support is near the $1.320 level.<\/p>\n

If there is a downside break and a close below the $1.320 level, the price might continue to decline toward the $1.300 support. The next major support sits near the $1.240 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 $1.4200 and $1.4000.<\/p>\n

Major Resistance Levels \u2013 $1.4500 and $1.5000.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides. XRP price started a fresh surge above the $1.40 resistance level. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":23184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23183","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\/23183"}],"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=23183"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23184"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}