{"id":30763,"date":"2024-12-24T04:08:45","date_gmt":"2024-12-24T04:08:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30763"},"modified":"2024-12-24T04:08:45","modified_gmt":"2024-12-24T04:08:45","slug":"xrp-price-fresh-surge-bulls-gear-up-for-action","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30763","title":{"rendered":"XRP Price Fresh Surge: Bulls Gear Up for Action"},"content":{"rendered":"

XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone.<\/em><\/p>\n

XRP price is attempting a fresh increase above the $2.20 resistance zone.
\nThe price is now trading near $2.25 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a decent increase if it clears the $2.30 resistance.<\/p>\n

XRP Price Eyes A Comeback<\/h2>\n

XRP price started a fresh increase from the $2.12 support level, unlike Bitcoin<\/a> and Ethereum<\/a>. There was a decent increase above the $2.15 and $2.20 levels.<\/p>\n

The price surpassed the 23.6% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low. There was also a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP\/USD pair.<\/p>\n

However, the bears were active near the $2.25 and $2.26 levels. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.265 level. The first major resistance is near the $2.28 level. It is near the 61.8% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low.<\/p>\n

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

The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.680.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.188 level. The next major support is near the $2.120 level.<\/p>\n

If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $2.180 and $2.120.<\/p>\n

Major Resistance Levels \u2013 $2.28 and $2.30.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone. XRP price is attempting a fresh increase above the $2.20 resistance zone. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":30764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30763","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\/30763"}],"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=30763"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30764"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}