{"id":44430,"date":"2025-02-14T04:08:14","date_gmt":"2025-02-14T04:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44430"},"modified":"2025-02-14T04:08:14","modified_gmt":"2025-02-14T04:08:14","slug":"xrp-price-breaks-out-is-a-bigger-rally-on-the-horizon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44430","title":{"rendered":"XRP Price Breaks Out\u2014Is a Bigger Rally on The Horizon?"},"content":{"rendered":"

XRP price is moving higher from the $2.40 support zone. The price is showing positive signs and might gain bullish momentum above $2.60.<\/em><\/p>\n

XRP price started a decent upward move from the $2.400 zone.
\nThe price is now trading above $2.50 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.60 resistance zone.<\/p>\n

XRP Price Gains Traction<\/h2>\n

XRP price managed to stay above the $2.40 support and remained in a positive zone, unlike Bitcoin<\/a> and Ethereum<\/a>. A base was formed, and the price started a decent upward move above the $2.42 and $2.45 levels.<\/p>\n

The price surpassed the first key barrier at $2.50. It tested the next hurdle at $2.60. A high was formed at $2.603 and the price is now consolidating gains. There was a minor move below $2.55. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.417 swing low to the $2.603 high.<\/p>\n

The current price action is positive. There is also a key bullish trend line forming with support at $2.40 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading above $2.540 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.580 level. The first major resistance is near the $2.60 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance.<\/p>\n

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

Any more gains might send the price toward the $2.840 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.48 level or the 61.8% Fib retracement level of the upward move from the $2.417 swing low to the $2.603 high. The next major support is near the $2.420 level and the trend line.<\/p>\n

If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 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 $2.480 and $2.420.<\/p>\n

Major Resistance Levels \u2013 $2.60 and $2.720.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is moving higher from the $2.40 support zone. The price is showing positive signs and might gain bullish momentum above $2.60. XRP price started a decent upward move from the $2.400 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":44431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44430","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\/44430"}],"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=44430"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44431"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}