{"id":8727,"date":"2024-09-23T04:28:47","date_gmt":"2024-09-23T04:28:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8727"},"modified":"2024-09-23T04:28:47","modified_gmt":"2024-09-23T04:28:47","slug":"xrp-price-could-soon-surge-can-bulls-fuel-the-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8727","title":{"rendered":"XRP Price Could Soon Surge: Can Bulls Fuel the Rally?"},"content":{"rendered":"

XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge.<\/em><\/p>\n

XRP price started another increase toward the $0.6050 zone.
\nThe price is now trading above $0.5880 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance 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 $0.5950 and $0.600 resistance levels.<\/p>\n

XRP Price Could Gain Bullish Momentum<\/h2>\n

XRP price remained well-supported above $0.5750 and started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. The price was able to clear the $0.580 and $0.5880 resistance levels.<\/p>\n

There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP\/USD pair. The bulls were able to push the price toward the 50% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high at $0.5950.<\/p>\n

The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5950 level.<\/p>\n

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

The first major resistance is near the $0.600 level. The next key resistance could be $0.6050 or the 76.4% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high. A clear move above the $0.6050 resistance might send the price toward the $0.6120 resistance. Any more gains might send the price toward the $0.6280 resistance or even $0.6320 in the near term.<\/p>\n

Another Rejection and Drop?<\/h2>\n

If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.5880 level and the 100-hourly Simple Moving Average. The next major support is near the $0.580 level.<\/p>\n

If there is a downside break and a close below the $0.580 level, the price might continue to decline toward the $0.5720 support in the near term. The next major support sits at $0.5650.<\/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 $0.5880 and $0.5720.<\/p>\n

Major Resistance Levels \u2013 $0.5950 and $0.6050.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge. XRP price started another increase toward the $0.6050 zone. The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":8728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8727","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\/8727"}],"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=8727"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8728"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}