{"id":5769,"date":"2024-09-12T05:00:22","date_gmt":"2024-09-12T05:00:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=5769"},"modified":"2024-09-12T05:00:22","modified_gmt":"2024-09-12T05:00:22","slug":"xrp-price-stalls-in-range-will-a-breakout-come-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=5769","title":{"rendered":"XRP Price Stalls in Range: Will a Breakout Come Soon?"},"content":{"rendered":"

XRP price is holding gains above the $0.5250 level. The price is now trading in a tight range and might soon attempt a move above the $0.550 resistance.<\/em><\/p>\n

XRP price is eyeing a clear move above the $0.5420 resistance zone.
\nThe price is now trading above $0.5330 and the 100-hourly Simple Moving Average.
\nThere was a break above a short-term bearish trend line with resistance at $0.5360 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 remained well-supported above the $0.5220 level like Bitcoin<\/a> and Ethereum<\/a>. The price started a fresh increase within the range and was able to clear the $0.5320 resistance level.<\/p>\n

The price climbed above the 50% Fib retracement level of the downward move from the $0.5426 swing high to the $0.5234 low. There was also a break above a short-term bearish trend line with resistance at $0.5360 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading above $0.5330 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5380 level or the 76.4% Fib retracement level of the downward move from the $0.5426 swing high to the $0.5234 low.<\/p>\n

The first major resistance is near the $0.5420 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5550 resistance.<\/p>\n

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

The next major resistance is near the $0.5640 level. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5420 resistance zone, it could start another decline. Initial support on the downside is near the $0.5330 level and the 100 hourly SMA. The next major support is $0.5280.<\/p>\n

If there is a downside break and a close below the $0.5280 level, the price might continue to decline toward the $0.5220 support in the near term. The next major support sits at $0.5150.<\/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 $0.5330 and $0.5280.<\/p>\n

Major Resistance Levels \u2013 $0.5420 and $0.5450.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is holding gains above the $0.5250 level. The price is now trading in a tight range and might soon attempt a move above the $0.550 resistance. XRP price is eyeing a clear move above the $0.5420 resistance zone. The price is now trading above $0.5330 and the 100-hourly Simple Moving Average. There was […]<\/p>\n","protected":false},"author":0,"featured_media":5770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5769","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\/5769"}],"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=5769"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/5770"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}