{"id":25561,"date":"2024-12-04T04:08:41","date_gmt":"2024-12-04T04:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25561"},"modified":"2024-12-04T04:08:41","modified_gmt":"2024-12-04T04:08:41","slug":"xrp-price-swings-wildly-can-it-resume-its-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25561","title":{"rendered":"XRP Price Swings Wildly: Can It Resume Its Rally?"},"content":{"rendered":"

XRP price saw a couple of swing moves from the $2.85 resistance. The price is consolidating near $2.50 and might aim for more gains above the $2.65 level.<\/em><\/p>\n

XRP price is struggling to gain pace for a move above the $2.80 resistance zone.
\nThe price is now trading above $2.30 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to accelerate if it clears the $2.72 resistance.<\/p>\n

XRP Price Holds Gains Above $2.30<\/h2>\n

XRP price made another attempt to clear the $3.00 resistance. However, it failed to surpass $2.85 and corrected some gains unlike Bitcoin<\/a> and like Ethereum<\/a>. There was a move below the $2.65 and $2.50 levels.<\/p>\n

A low was formed at $2.276 and the price is now correcting losses. There was a move above the $2.40 and $2.50 levels. The bulls pushed it back above the 50% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low.<\/p>\n

The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair.<\/p>\n

On the upside, the price might face resistance near the $2.620 level. The first major resistance is near the $2.720 level. It is close to the 76.4% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low.<\/p>\n

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

The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.950 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.150 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.40 level.<\/p>\n

If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.30 support and the trend line. The next major support sits near the $2.050 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $2.5000 and $2.4000.<\/p>\n

Major Resistance Levels \u2013 $2.6200 and $2.7200.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price saw a couple of swing moves from the $2.85 resistance. The price is consolidating near $2.50 and might aim for more gains above the $2.65 level. XRP price is struggling to gain pace for a move above the $2.80 resistance zone. The price is now trading above $2.30 and the 100-hourly Simple Moving […]<\/p>\n","protected":false},"author":0,"featured_media":25562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25561","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\/25561"}],"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=25561"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25562"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}