{"id":36254,"date":"2025-01-16T04:08:14","date_gmt":"2025-01-16T04:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36254"},"modified":"2025-01-16T04:08:14","modified_gmt":"2025-01-16T04:08:14","slug":"xrp-price-gains-10-stealing-the-spotlight-from-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36254","title":{"rendered":"XRP Price Gains 10%, Stealing The Spotlight from Bitcoin"},"content":{"rendered":"

XRP price started a fresh increase above the $2.80 level. The price is up over 10% and might continue to rise if it clears the $3.20 resistance.<\/em><\/p>\n

XRP price gained over 10% and rallied above the $2.80 zone.
\nThe price is now trading above $2.850 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $2.880 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 $2.650 support.<\/p>\n

XRP Price Gains Traction Above $2.80<\/h2>\n

XRP price managed to start a fresh increase above the $2.50 and $2.65 resistance levels. The price gained over 10% and outperformed both Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $2.80 and $2.850 levels.<\/p>\n

The bulls even pumped the price above the $2.92 resistance to start another increase. It traded as high as $3.20 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.333 swing low to the $3.20 high.<\/p>\n

The price is now trading above $2.90 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.880 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

On the upside, the price might face resistance near the $3.050 level. The first major resistance is near the $3.12 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.50 in the near term. The next major hurdle for the bulls might be $3.620.<\/p>\n

Downside Correction?<\/h2>\n

If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.980 level. The next major support is near the $2.800 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $2.333 swing low to the $3.20 high.<\/p>\n

If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.650 support. The next major support sits near the $2.50 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 $2.980 and $2.80.<\/p>\n

Major Resistance Levels \u2013 $3.050 and $3.20.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh increase above the $2.80 level. The price is up over 10% and might continue to rise if it clears the $3.20 resistance. XRP price gained over 10% and rallied above the $2.80 zone. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":36255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36254","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\/36254"}],"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=36254"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36255"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}