{"id":37950,"date":"2025-01-22T04:08:16","date_gmt":"2025-01-22T04:08:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37950"},"modified":"2025-01-22T04:08:16","modified_gmt":"2025-01-22T04:08:16","slug":"xrp-price-sets-the-stage-for-more-gains-bulls-hold-the-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37950","title":{"rendered":"XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum"},"content":{"rendered":"

XRP price started a fresh increase above the $3.150 level. The price is holding gains and might start another increase if it clears the $3.2250 resistance.<\/em><\/p>\n

XRP price started a fresh increase from the $3.00 support zone.
\nThe price is now trading above $3.120 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $3.10 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 $3.10 support.<\/p>\n

XRP Price Aims Higher<\/h2>\n

XRP price managed to start a fresh increase from the $3.00 support zone, but upsides were limited compared to Bitcoin<\/a>. The price was able to surpass the $3.050 and $3.120 resistance levels.<\/p>\n

There was a clear move above the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. Besides, there is a connecting bullish trend line forming with support at $3.10 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading above $3.120 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price might face resistance near the $3.2250 level or the 61.8% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low.<\/p>\n

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

The first major resistance is near the $3.28 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $3.2250 resistance zone, it could start another decline. Initial support on the downside is near the $3.10 level and the trend line. The next major support is near the $3.00 level.<\/p>\n

If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $3.10 and $3.00.<\/p>\n

Major Resistance Levels \u2013 $3.2250 and $3.350.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh increase above the $3.150 level. The price is holding gains and might start another increase if it clears the $3.2250 resistance. XRP price started a fresh increase from the $3.00 support zone. The price is now trading above $3.120 and the 100-hourly Simple Moving Average. There is a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":37951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37950","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\/37950"}],"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=37950"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37951"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}