{"id":39874,"date":"2025-01-29T04:08:16","date_gmt":"2025-01-29T04:08:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=39874"},"modified":"2025-01-29T04:08:16","modified_gmt":"2025-01-29T04:08:16","slug":"xrp-price-surge-cools-off-is-the-uptrend-still-intact","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=39874","title":{"rendered":"XRP Price Surge Cools Off: Is the Uptrend Still Intact?"},"content":{"rendered":"

XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00.<\/em><\/p>\n

XRP price started a downside correction from the $3.220 zone.
\nThe price is now trading above $3.00 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $3.150 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $3.150 resistance zone.<\/p>\n

XRP Price Regains Momentum<\/h2>\n

XRP price started a fresh increase from the $2.650 zone, outperforming Bitcoin<\/a> and Ethereum<\/a>. The price rallied above the $2.85 and $3.00 resistance levels. It even surged above $3.050.<\/p>\n

A high was formed at $3.214 and the price recently corrected some gains. There was a move below the $3.15 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.6562 swing low to the $3.214 high.<\/p>\n

There was a break below a connecting bullish trend line with support at $3.150 on the hourly chart of the XRP\/USD pair. The price is now trading above $3.00 and the 100-hourly Simple Moving Average.<\/p>\n

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

On the upside, the price might face resistance near the $3.085 level. The first major resistance is near the $3.150 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.220 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $3.0850 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.9350 level or the 50% Fib retracement level of the upward move from the $2.6562 swing low to the $3.214 high.<\/p>\n

If there is a downside break and a close below the $2.9350 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $3.00 and $2.9350.<\/p>\n

Major Resistance Levels \u2013 $3.0850 and $3.150.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":39875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39874","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\/39874"}],"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=39874"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39875"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}