{"id":24408,"date":"2024-11-29T04:08:43","date_gmt":"2024-11-29T04:08:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24408"},"modified":"2024-11-29T04:08:43","modified_gmt":"2024-11-29T04:08:43","slug":"xrp-price-targets-1-60-breakout-is-the-bull-run-back","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24408","title":{"rendered":"XRP Price Targets $1.60 Breakout: Is The Bull Run Back?"},"content":{"rendered":"

XRP price is rising and gaining pace above the $1.480 zone. The price is showing positive signs and might soon aim for a breakout above the $1.60 level.<\/em><\/p>\n

XRP price is eyeing a fresh increase above the $1.5850 resistance zone.
\nThe price is now trading above $1.520 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might gain momentum if it clears the $1.600 resistance.<\/p>\n

XRP Price Starts Fresh Increase Above $1.50<\/h2>\n

XRP price remained supported near the $1.400 zone. It formed a base and recently started an upward move like Bitcoin<\/a> and like Ethereum<\/a>. There was a move above the $1.420 and $1.4350 resistance levels.<\/p>\n

There was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP\/USD pair. The pair was able to clear the $1.50 level. There was a clear move above the 61.8% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low.<\/p>\n

The price is now trading above $1.50 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low.<\/p>\n

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

On the upside, the price might face resistance near the $1.5850 level. The first major resistance is near the $1.600 level. The next key resistance could be $1.6350. A clear move above the $1.6350 resistance might send the price toward the $1.6650 resistance. Any more gains might send the price toward the $1.680 resistance or even $1.6920 in the near term. The next major hurdle for the bulls might be $1.70.<\/p>\n

Another Pullback?<\/h2>\n

If XRP fails to clear the $1.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.500 level. The next major support is near the $1.480 level.<\/p>\n

If there is a downside break and a close below the $1.480 level, the price might continue to decline toward the $1.4550 support. The next major support sits near the $1.400 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 $1.5000 and $1.4800.<\/p>\n

Major Resistance Levels \u2013 $1.6000 and $1.6350.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is rising and gaining pace above the $1.480 zone. The price is showing positive signs and might soon aim for a breakout above the $1.60 level. XRP price is eyeing a fresh increase above the $1.5850 resistance zone. The price is now trading above $1.520 and the 100-hourly Simple Moving Average. There was […]<\/p>\n","protected":false},"author":0,"featured_media":24409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24408","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\/24408"}],"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=24408"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24409"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}