{"id":607874,"date":"2024-05-14T05:58:58","date_gmt":"2024-05-14T05:58:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=607874"},"modified":"2024-06-11T08:28:09","modified_gmt":"2024-06-11T08:28:09","slug":"xrp-price-momentum-0-5120","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-momentum-0-5120\/","title":{"rendered":"Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term"},"content":{"rendered":"<p><em>XRP price is attempting a recovery wave from the $0.4865 support. The price could gain bullish momentum if it clears the $0.5120 resistance.<\/em><\/p>\n<ul>\n<li>XRP remained stable and started a recovery wave above $0.500.<\/li>\n<li>The price is now trading above $0.5050 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a decent increase if there is a close above the $0.5120 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Reclaims $0.50<\/h2>\n<p>After a steady decline, XRP price found support near the $0.4865 zone. A low was formed at $0.4864 and the price is now attempting a recovery wave, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-stuck-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-repeat-3200\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move above the $0.4950 and $0.50 resistance levels.<\/p>\n<p>Besides, there was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP\/USD pair. The pair even spiked above $0.5100. A high was formed at $0.5120 and the price is now consolidating gains.<\/p>\n<p>There was a test of the 23.6% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average.<\/p>\n<figure id=\"attachment_607875\" aria-describedby=\"caption-attachment-607875\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-607875 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_921157.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-607875\" class=\"wp-caption-text\">Source: XRPUSD on <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Immediate resistance is near the $0.5085 level. The first key resistance is near $0.5120. A close above the $0.5120 resistance zone could spark a strong increase. The next key resistance is near $0.5220. If the bulls remain in action above the $0.5220 resistance level, there could be a rally toward the $0.5350 resistance. Any more gains might send the price toward the $0.550 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5120 resistance zone, it could start another decline. Initial support on the downside is near the $0.5050 level and the 100-hourly Simple Moving Average.<\/p>\n<p>The next major support is at $0.50 or the 50% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. If there is a downside break and a close below the $0.50 level, the price might accelerate lower. In the stated case, the price could retest the $0.4865 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.500 and $0.4865.<\/p>\n<p>Major Resistance Levels \u2013 $0.5120 and $0.5220.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is attempting a recovery wave from the $0.4865 support. The price could gain bullish momentum if it clears the $0.5120 resistance. XRP remained stable and started a recovery wave above $0.500. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a decent increase if there is a close above the $0.5120 resistance. XRP Price Reclaims $0.50 After a steady decline, XRP price found support near the $0.4865 zone. A low was formed at $0.4864 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. Besides, there was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP\/USD pair. The pair even spiked above $0.5100. A high was formed at $0.5120 and the price is now consolidating gains. There was a test of the 23.6% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5085 level. The first key resistance is near $0.5120. A close above the $0.5120 resistance zone could spark a strong increase. The next key resistance is near $0.5220. If the bulls remain in action above the $0.5220 resistance level, there could be a rally toward the $0.5350 resistance. Any more gains might send the price toward the $0.550 resistance. Another Decline? If XRP fails to clear the $0.5120 resistance zone, it could start another decline. Initial support on the downside is near the $0.5050 level and the 100-hourly Simple Moving Average. The next major support is at $0.50 or the 50% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. If there is a downside break and a close below the $0.50 level, the price might accelerate lower. In the stated case, the price could retest the $0.4865 support zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.500 and $0.4865. Major Resistance Levels \u2013 $0.5120 and $0.5220.<\/p>\n","protected":false},"author":67,"featured_media":607876,"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-607874","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>Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term<\/title>\n<meta name=\"description\" content=\"XRP price is attempting a recovery wave from the $0.4865 support. 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