{"id":5399,"date":"2024-09-11T04:08:22","date_gmt":"2024-09-11T04:08:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=5399"},"modified":"2024-09-11T04:08:22","modified_gmt":"2024-09-11T04:08:22","slug":"xrp-price-slips-but-will-the-100-sma-ignite-a-comeback","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=5399","title":{"rendered":"XRP Price Slips But Will The 100-SMA Ignite A Comeback?"},"content":{"rendered":"

XRP price extended gains and tested the $0.5420 level. The price is now correcting gains and testing the $0.5320 support zone.<\/em><\/p>\n

XRP price could gain pace for a move above the $0.5420 resistance zone.
\nThe price is now trading above $0.5320 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.5420 and $0.5450 resistance levels.<\/p>\n

XRP Price Eyes Upside Break<\/h2>\n

XRP price started a recovery wave above the $0.5220 level like Bitcoin<\/a> and Ethereum<\/a>. The price was able to climb above the $0.5250 and $0.5320 resistance levels.<\/p>\n

Finally, the price spiked toward the $0.5420 level before the bears emerged. The price formed a top near $0.5426 and is now correcting gains. There was a move below the $0.540 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high.<\/p>\n

There was also a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $0.5400 level. The first major resistance is near the $0.5420 level. The next key resistance could be $0.5450.<\/p>\n

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

A clear move above the $0.5450 resistance might send the price toward the $0.5550 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5950 resistance or even $0.600 in the near term.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.540 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the 100 hourly SMA. The next major support is $0.5225 or the 50% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high.<\/p>\n

If there is a downside break and a close below the $0.5225 level, the price might continue to decline toward the $0.5110 support in the near term. The next major support sits at $0.5020.<\/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 $0.5320 and $0.5225.<\/p>\n

Major Resistance Levels \u2013 $0.5400 and $0.5420.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price extended gains and tested the $0.5420 level. The price is now correcting gains and testing the $0.5320 support zone. XRP price could gain pace for a move above the $0.5420 resistance zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":5400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5399","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\/5399"}],"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=5399"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/5400"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}