{"id":28686,"date":"2024-12-16T04:08:58","date_gmt":"2024-12-16T04:08:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=28686"},"modified":"2024-12-16T04:08:58","modified_gmt":"2024-12-16T04:08:58","slug":"xrp-price-holds-steady-whats-next-after-consolidation","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=28686","title":{"rendered":"XRP Price Holds Steady: What\u2019s Next After Consolidation?"},"content":{"rendered":"

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone.<\/em><\/p>\n

XRP price started a fresh increase above the $2.425 zone.
\nThe price is now trading above $2.350 and the 100-hourly Simple Moving Average.
\nThere is a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if it clears the $2.465 resistance.<\/p>\n

XRP Price Holds Support<\/h2>\n

XRP price started a decent upward move above the $2.35 level, like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $2.40 and $2.420 resistance levels.<\/p>\n

The price even spiked above $2.50 before the bears appeared. A high was formed at $2.530 and the price is now consolidating gains. There was a minor decline below $2.4650. The price is now consolidating and trading below the 50% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low.<\/p>\n

The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP\/USD pair.<\/p>\n

On the upside, the price might face resistance near the $2.465 level. It is near the 61.8% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low. The first major resistance is near the $2.50 level.<\/p>\n

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

The next resistance is $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880.<\/p>\n

Another Drop?<\/h2>\n

If XRP fails to clear the $2.465 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level. The next major support is near the $2.350 level.<\/p>\n

If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.280 support. The next major support sits near the $2.20 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 $2.380 and $2.350.<\/p>\n

Major Resistance Levels \u2013 $2.4650 and $2.50.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone. XRP price started a fresh increase above the $2.425 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a short-term bullish […]<\/p>\n","protected":false},"author":0,"featured_media":28687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28686","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\/28686"}],"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=28686"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28687"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}