{"id":7964,"date":"2024-09-19T04:28:20","date_gmt":"2024-09-19T04:28:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7964"},"modified":"2024-09-19T04:28:20","modified_gmt":"2024-09-19T04:28:20","slug":"xrp-price-nears-0-60-is-a-major-pump-imminent","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7964","title":{"rendered":"XRP Price Nears $0.60: Is A Major Pump Imminent?"},"content":{"rendered":"

XRP price is again moving higher above $0.580. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.<\/em><\/p>\n

XRP price remained supported near the $0.5700 zone.
\nThe price is now trading above $0.580 and the 100-hourly Simple Moving Average.
\nThere was a break above a major bearish trend line with resistance at $0.5720 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 Eyes Upside Break<\/h2>\n

XRP price formed a base above $0.5620 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

There was a break above a major bearish trend line with resistance at $0.5720 on the hourly chart of the XRP\/USD pair. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low.<\/p>\n

The price is now trading above $0.580 and the 100-hourly Simple Moving Average. The price is now consolidating near the 76.4% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low.<\/p>\n

On the upside, the price might face resistance near the $0.5880 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 $0.6160 resistance.<\/p>\n

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

The next major resistance is near the $0.6220 level. Any more gains might send the price toward the $0.6320 resistance or even $0.6350 in the near term.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $0.5920 resistance zone, it could start another decline. Initial support on the downside is near the $0.580 level and the 100-hourly Simple Moving Average. The next major support is near the $0.5690 level.<\/p>\n

If there is a downside break and a close below the $0.5690 level, the price might continue to decline toward the $0.5620 support in the near term. The next major support sits at $0.5550.<\/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 $0.5820 and $0.5790.<\/p>\n

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

XRP price is again moving higher above $0.580. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP price remained supported near the $0.5700 zone. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":7965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7964","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\/7964"}],"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=7964"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7965"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}