{"id":7620,"date":"2024-09-18T04:28:46","date_gmt":"2024-09-18T04:28:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7620"},"modified":"2024-09-18T04:28:46","modified_gmt":"2024-09-18T04:28:46","slug":"xrp-price-eyes-critical-upside-break-is-a-surge-imminent","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7620","title":{"rendered":"XRP Price Eyes Critical Upside Break: Is a Surge Imminent?"},"content":{"rendered":"

XRP price is still facing many hurdles near $0.600. The price is consolidating gains and might aim for a clear move above $0.5920 and $0.600.<\/em><\/p>\n

XRP price remained supported near the $0.5620 zone.
\nThe price is now trading below $0.5850 and the 100-hourly Simple Moving Average.
\nThere is a key rising channel forming with support at $0.5765 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.<\/p>\n

XRP Price Holds Support<\/h2>\n

XRP price formed a base above $0.5600 and started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. The price was able to clear the $0.5720 and $0.5850 resistance levels.<\/p>\n

It even cleared the $0.590 level and tested $0.5935. A high was formed at $0.5932 and the price is now correcting gains. There was a minor decline below the $0.5850 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5602 swing low to the $0.8932 high.<\/p>\n

The price is now trading below $0.5850 and the 100-hourly Simple Moving Average. There is also a key rising channel forming with support at $0.5765 on the hourly chart of the XRP\/USD pair. The channel support coincides with the 50% Fib retracement level of the upward move from the $0.5602 swing low to the $0.8932 high.<\/p>\n

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

On the upside, the price might face resistance near the $0.5850 level. The first major resistance is near the $0.5920 level. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.6065 resistance. The next major resistance is near the $0.6120 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5850 resistance zone, it could start another decline. Initial support on the downside is near the $0.5765 level. The next major support is $0.5680.<\/p>\n

If there is a downside break and a close below the $0.5680 level, the price might continue to decline toward the $0.560 support in the near term. The next major support sits at $0.5500.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish 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 $0.5765 and $0.5600.<\/p>\n

Major Resistance Levels \u2013 $0.5920 and $0.6000.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is still facing many hurdles near $0.600. The price is consolidating gains and might aim for a clear move above $0.5920 and $0.600. XRP price remained supported near the $0.5620 zone. The price is now trading below $0.5850 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":7621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7620","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\/7620"}],"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=7620"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7621"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}