{"id":29297,"date":"2024-12-18T04:08:11","date_gmt":"2024-12-18T04:08:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=29297"},"modified":"2024-12-18T04:08:11","modified_gmt":"2024-12-18T04:08:11","slug":"xrp-price-steals-the-spotlight-dips-look-increasingly-attractive","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=29297","title":{"rendered":"XRP Price Steals the Spotlight: Dips Look Increasingly Attractive"},"content":{"rendered":"

XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance.<\/em><\/p>\n

XRP price started a fresh increase above the $2.50 zone.
\nThe price is now trading above $2.50 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if it clears the $2.62 resistance.<\/p>\n

XRP Price Pops Above $2.50<\/h2>\n

XRP price started a decent upward move above the $2.50 level, beating Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $2.55 and $2.62 resistance levels.<\/p>\n

The price even spiked above $2.70 before the bears appeared. A high was formed at $2.7267 and the price is now consolidating gains. There was a minor decline below $2.620. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high.<\/p>\n

The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high.<\/p>\n

On the upside, the price might face resistance near the $2.58 level. The first major resistance is near the $2.620 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance.<\/p>\n

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

Any more gains might send the price toward the $2.920 resistance or even $3.00 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 $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level and the trend line. The next major support is near the $2.440 level.<\/p>\n

If there is a downside break and a close below the $2.440 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.250 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 $2.520 and $2.440.<\/p>\n

Major Resistance Levels \u2013 $2.620 and $2.720.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance. XRP price started a fresh increase above the $2.50 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":29298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29297","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\/29297"}],"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=29297"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29298"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}