{"id":45072,"date":"2025-02-17T04:08:14","date_gmt":"2025-02-17T04:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45072"},"modified":"2025-02-17T04:08:14","modified_gmt":"2025-02-17T04:08:14","slug":"xrp-price-settles-after-gains-is-a-fresh-upside-move-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45072","title":{"rendered":"XRP Price Settles After Gains\u2014Is a Fresh Upside Move Coming?"},"content":{"rendered":"

XRP price is consolidating gains above the $2.60 zone. The price is showing positive signs and might gain bullish momentum above $2.750.<\/em><\/p>\n

XRP price started a decent upward move above the $2.60 zone.
\nThe price is now trading above $2.60 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2.680 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.750 resistance zone.<\/p>\n

XRP Price Rally Loses Steam<\/h2>\n

XRP price managed to stay above the $2.50 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 $2.55 and $2.65 levels.<\/p>\n

The price surpassed the first key barrier at $2.750. It tested the next hurdle at $2.840. A high was formed at $2.8322 and the price is now consolidating gains. There was a minor move below $2.75. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high.<\/p>\n

The current price action is positive. There is also a key bullish trend line forming with support at $2.680 on the hourly chart of the XRP\/USD pair. The price is now trading above $2.650 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $2.750 level. The first major resistance is near the $2.80 level. The next resistance is $2.840. A clear move above the $2.840 resistance might send the price toward the $2.920 resistance.<\/p>\n

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

Any more gains might send the price toward the $3.0 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.750 resistance zone, it could start another decline. Initial support on the downside is near the $2.680 level or the trend line. The next major support is near the $2.60 level and the 50% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high.<\/p>\n

If there is a downside break and a close below the $2.60 level, the price might continue to decline toward the $2.550 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $2.680 and $2.60.<\/p>\n

Major Resistance Levels \u2013 $2.750 and $2.840.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is consolidating gains above the $2.60 zone. The price is showing positive signs and might gain bullish momentum above $2.750. XRP price started a decent upward move above the $2.60 zone. The price is now trading above $2.60 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":45073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45072","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\/45072"}],"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=45072"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/45073"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}