{"id":7244,"date":"2024-09-17T04:58:41","date_gmt":"2024-09-17T04:58:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7244"},"modified":"2024-09-17T04:58:41","modified_gmt":"2024-09-17T04:58:41","slug":"xrp-price-restarts-climb-will-bulls-push-it-past-0-60","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7244","title":{"rendered":"XRP Price Restarts Climb: Will Bulls Push It Past $0.60?"},"content":{"rendered":"

XRP price found support near the $0.5600 zone. The price is again rising and might aim for a break above the $0.60 resistance zone.<\/em><\/p>\n

XRP price remained supported near the $0.560 zone.
\nThe price is now trading above $0.5750 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $0.5750 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.590 and $0.600 resistance levels.<\/p>\n

XRP Price Regains Strength<\/h2>\n

XRP price started a fresh decline from the $0.5985 zone like Bitcoin<\/a> and Ethereum<\/a>. The price declined below the $0.5750 support zone, but the bulls were active near the $0.560 zone.<\/p>\n

A low was formed at $0.5597 and the price started a fresh upward move, beating BTC and ETH. There was a steady increase above the $0.570 and $0.5720 resistance levels. It cleared the 50% Fib retracement level of the downward move from the $0.5989 swing high to the $0.5597 low.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $0.5750 on the hourly chart of the XRP\/USD pair. The price is now trading above $0.5750 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $0.5890 level. It is close to the 76.4% Fib retracement level of the downward move from the $0.5989 swing high to the $0.5597 low. The first major resistance is near the $0.590 level.<\/p>\n

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

The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.6120 resistance. The next major resistance is near the $0.6250 level. Any more gains might send the price toward the $0.6320 resistance or even $0.6440 in the near term.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.590 resistance zone, it could start another decline. Initial support on the downside is near the $0.5765 level. The next major support is $0.5750.<\/p>\n

If there is a downside break and a close below the $0.5750 level, the price might continue to decline toward the $0.560 support in the near term. The next major support sits at $0.5420.<\/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 $0.5765 and $0.5600.<\/p>\n

Major Resistance Levels \u2013 $0.5900 and $0.6000.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price found support near the $0.5600 zone. The price is again rising and might aim for a break above the $0.60 resistance zone. XRP price remained supported near the $0.560 zone. The price is now trading above $0.5750 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":7245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7244","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\/7244"}],"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=7244"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7245"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}