{"id":564943,"date":"2023-12-12T05:38:44","date_gmt":"2023-12-12T05:38:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=564943"},"modified":"2024-06-11T08:26:29","modified_gmt":"2024-06-11T08:26:29","slug":"xrp-price-strength-0-625","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-strength-0-625\/","title":{"rendered":"XRP Price Could Regain Strength If It Clears This Key Barrier"},"content":{"rendered":"<p><em>XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP is slowly moving higher above the $0.612 level.<\/li>\n<li>The price is now trading below $0.625 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Aims Fresh Increase<\/h2>\n<p>After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-holds-support-40k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-consolidates-2275\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair. The pair even declined below the $0.612 support. A low was formed near $0.6010, and the price is now attempting a fresh increase.<\/p>\n<p>There was a move above the $0.612 resistance. However, XRP is now trading below $0.625 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.7000 swing high to the $0.6010 swing low.<\/p>\n<p>The first major resistance is near the $0.628 zone. A close above the $0.628 resistance zone could spark a steady increase. The next key resistance is near $0.650 or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-564944\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?resize=1024%2C468\" alt=\"XRP Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/XRP_Price-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/p>\n<p>If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.625 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.612 zone.<\/p>\n<p>The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.612, $0.600, and $0.572.<\/p>\n<p>Major Resistance Levels \u2013 $0.625, $0.628, and $0.650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone. XRP is slowly moving higher above the $0.612 level. The price is now trading below $0.625 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels. XRP Price Aims Fresh Increase After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like Bitcoin and Ethereum. There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair. The pair even declined below the $0.612 support. A low was formed near $0.6010, and the price is now attempting a fresh increase. There was a move above the $0.612 resistance. However, XRP is now trading below $0.625 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.7000 swing high to the $0.6010 swing low. The first major resistance is near the $0.628 zone. A close above the $0.628 resistance zone could spark a steady increase. The next key resistance is near $0.650 or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance. Another Decline? If XRP fails to clear the $0.625 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.612 zone. The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.612, $0.600, and $0.572. Major Resistance Levels \u2013 $0.625, $0.628, and $0.650.<\/p>\n","protected":false},"author":67,"featured_media":460422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,74937,10972,78763],"class_list":["post-564943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Could Regain Strength If It Clears This Key Barrier<\/title>\n<meta name=\"description\" content=\"XRP price is eyeing a fresh increase from the $0.600 support. 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