{"id":8269,"date":"2024-09-20T04:28:46","date_gmt":"2024-09-20T04:28:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8269"},"modified":"2024-09-20T04:28:46","modified_gmt":"2024-09-20T04:28:46","slug":"xrp-price-battles-resistance-around-0-60-will-the-struggle-end","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8269","title":{"rendered":"XRP Price Battles Resistance Around $0.60: Will the Struggle End?"},"content":{"rendered":"

XRP price is attempting an upside break above $0.5920. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.<\/em><\/p>\n

XRP price started another increase toward the $0.600 zone.
\nThe price is now trading above $0.5780 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $0.590 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 More Upsides<\/h2>\n

XRP price remained well-supported above $0.5700 and started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. The price was able to clear the $0.580 and $0.5850 resistance levels.<\/p>\n

The bulls even pushed the price above the $0.5920 resistance zone. However, they failed to push the price toward $0.60. A high was formed near $0.5941 and recently there was a downside correction. The price dipped below the $0.5880 support level.<\/p>\n

There was a move below the 23.6% Fib retracement level of the upward move from the $0.5622 swing low to the $0.5941 high. However, the bulls are active near the $0.5780 support.<\/p>\n

The 50% Fib retracement level of the upward move from the $0.5622 swing low to the $0.5941 high is acting as a support. The price is now trading above $0.5780 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5880 level.<\/p>\n

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

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. Any more gains might send the price toward the $0.6250 resistance or even $0.6350 in the near term.<\/p>\n

Another Drop?<\/h2>\n

If XRP fails to clear the $0.5880 resistance zone, it could start another decline. Initial support on the downside is near the $0.5780 level and the 100-hourly Simple Moving Average. The next major support is near the $0.5740 level.<\/p>\n

If there is a downside break and a close below the $0.5740 level, the price might continue to decline toward the $0.5650 support in the near term. The next major support sits at $0.560.<\/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 $0.5780 and $0.5740.<\/p>\n

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

XRP price is attempting an upside break above $0.5920. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP price started another increase toward the $0.600 zone. The price is now trading above $0.5780 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":8270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8269","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\/8269"}],"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=8269"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8270"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}