{"id":33452,"date":"2025-01-06T06:48:23","date_gmt":"2025-01-06T06:48:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=33452"},"modified":"2025-01-06T06:48:23","modified_gmt":"2025-01-06T06:48:23","slug":"xrp-price-sets-sights-on-new-gains-bulls-poised-for-action","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=33452","title":{"rendered":"XRP Price Sets Sights on New Gains: Bulls Poised for Action"},"content":{"rendered":"

XRP price is consolidating gains above the $2.320 support zone. The price is showing positive signs and might aim for a fresh increase above $2.50.<\/em><\/p>\n

XRP price started a downside correction from the $2.50 zone.
\nThe price is now trading below $2.45 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it stays above the $2.320 support.<\/p>\n

XRP Price Holds Support<\/h2>\n

XRP price remained supported above the $2.30 level and extended gains, like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $2.45 level and the price tested $2.50 before there was a downside correction.<\/p>\n

A low was formed at $2.32 and the price is now rising. There was a move above the $2.40 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. There was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $2.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level or the 61.8% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low.<\/p>\n

The first major resistance is near the $2.50 level. The next resistance is $2.55. A clear move above the $2.55 resistance might send the price toward the $2.680 resistance.<\/p>\n

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

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 Decline?<\/h2>\n

If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.370 level. The next major support is near the $2.320 level.<\/p>\n

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 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 $2.370 and $2.320.<\/p>\n

Major Resistance Levels \u2013 $2.450 and $2.500.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is consolidating gains above the $2.320 support zone. The price is showing positive signs and might aim for a fresh increase above $2.50. XRP price started a downside correction from the $2.50 zone. The price is now trading below $2.45 and the 100-hourly Simple Moving Average. There was a break above a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":33453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33452","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\/33452"}],"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=33452"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33453"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}