{"id":25212,"date":"2024-12-03T04:08:55","date_gmt":"2024-12-03T04:08:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25212"},"modified":"2024-12-03T04:08:55","modified_gmt":"2024-12-03T04:08:55","slug":"xrp-price-defies-the-odds-can-it-smash-through-3","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25212","title":{"rendered":"XRP Price Defies The Odds \u2013 Can It Smash Through $3?"},"content":{"rendered":"

XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level.<\/em><\/p>\n

XRP price is eyeing a fresh increase above the $2.80 resistance zone.
\nThe price is now trading above $2.50 and the 100-hourly Simple Moving Average.
\nThere is a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to accelerate if it clears the $2.75 resistance.<\/p>\n

XRP Price Extends Surge Above $2.50<\/h2>\n

XRP price accelerated higher after it settled above the $2.00 level. It cleared many hurdles near $2.25, beating Bitcoin<\/a> and like Ethereum<\/a>. There was a move above the $2.50 and $2.65 resistance levels.<\/p>\n

It is up over 50% and there was a move above the $2.80 level. A high was formed at $2.869 and the price is now consolidating gains. It dipped some points and tested the $2.70 level. There was a move below the 2.36% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high.<\/p>\n

The price is now trading above $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.720 level. There is also a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

The first major resistance is near the $2.750 level. The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n

Are Dips Supported?<\/h2>\n

If XRP fails to clear the $2.720 resistance zone, it could start a downside correction. Initial support on the downside is near the $2.650 level. The next major support is near the $2.520 level or the 50% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high.<\/p>\n

If there is a downside break and a close below the $2.520 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.30 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 $2.5200 and $2.4500.<\/p>\n

Major Resistance Levels \u2013 $2.7200 and $2.8500.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level. XRP price is eyeing a fresh increase above the $2.80 resistance zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":25213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25212","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\/25212"}],"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=25212"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25213"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}