{"id":609036,"date":"2024-05-21T02:38:52","date_gmt":"2024-05-21T02:38:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609036"},"modified":"2024-06-11T08:28:31","modified_gmt":"2024-06-11T08:28:31","slug":"xrp-price-rises-range-0-5380","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-rises-range-0-5380\/","title":{"rendered":"XRP Price Rises Within Range: Poised for a Breakout?"},"content":{"rendered":"<p><em>XRP price avoided a major downside break as ETH\u2019s surges. The price is back above $0.5220 and eyeing a key upside break in the near term.<\/em><\/p>\n<ul>\n<li>XRP started a decent increase above the $0.5150 resistance zone.<\/li>\n<li>The price is now trading above $0.5250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $0.520 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could correct gains, but the bulls might remain active near the $0.5180 zone.<\/li>\n<\/ul>\n<h2>XRP Price Recovers<\/h2>\n<p>After a drop toward the $0.5065 support, XRP price started a recovery wave. Recently, <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-soars-20-eth-etf-rumors\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> rallied over 20% and <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-soars-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> climbed above $70,000. It sparked decent bullish moves in XRP.<\/p>\n<p>The price climbed above the $0.5150 and $0.520 resistance level. There was a break above a key bearish trend line with resistance at $0.520 on the hourly chart of the XRP\/USD pair. The pair even broke the $0.5320 resistance and traded as high as $0.5386.<\/p>\n<p>The price is now correcting gains and might test the 23.6% Fib retracement level of the upward wave from the $0.5064 swing low to the $0.5386 high.<\/p>\n<p>It is now trading above $0.5250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5380 level. The first key resistance is near $0.5420. A close above the $0.5420 resistance zone could send the price higher. The next key resistance is near $0.5550.<\/p>\n<figure id=\"attachment_609037\" aria-describedby=\"caption-attachment-609037\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-609037\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_ae216d.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609037\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls push the price above the $0.5550 resistance level, there could be a fresh move toward the $0.5650 resistance. Any more gains might send the price toward the $0.5720 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5380 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5310 level. The next major support is at $0.5250.<\/p>\n<p>The main support is now near $0.5220 or the 50% Fib retracement level of the upward wave from the $0.5064 swing low to the $0.5386 high. If there is a downside break and a close below the $0.5220 level, the price might accelerate lower. In the stated case, the price could drop and test the $0.5065 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.5310 and $0.5220.<\/p>\n<p>Major Resistance Levels \u2013 $0.5380 and $0.5420.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price avoided a major downside break as ETH\u2019s surges. The price is back above $0.5220 and eyeing a key upside break in the near term. XRP started a decent increase above the $0.5150 resistance zone. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.520 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could correct gains, but the bulls might remain active near the $0.5180 zone. XRP Price Recovers After a drop toward the $0.5065 support, XRP price started a recovery wave. Recently, Ethereum rallied over 20% and Bitcoin climbed above $70,000. It sparked decent bullish moves in XRP. The price climbed above the $0.5150 and $0.520 resistance level. There was a break above a key bearish trend line with resistance at $0.520 on the hourly chart of the XRP\/USD pair. The pair even broke the $0.5320 resistance and traded as high as $0.5386. The price is now correcting gains and might test the 23.6% Fib retracement level of the upward wave from the $0.5064 swing low to the $0.5386 high. It is now trading above $0.5250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5380 level. The first key resistance is near $0.5420. A close above the $0.5420 resistance zone could send the price higher. The next key resistance is near $0.5550. If the bulls push the price above the $0.5550 resistance level, there could be a fresh move toward the $0.5650 resistance. Any more gains might send the price toward the $0.5720 resistance. Another Decline? If XRP fails to clear the $0.5380 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5310 level. The next major support is at $0.5250. The main support is now near $0.5220 or the 50% Fib retracement level of the upward wave from the $0.5064 swing low to the $0.5386 high. If there is a downside break and a close below the $0.5220 level, the price might accelerate lower. In the stated case, the price could drop and test the $0.5065 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.5310 and $0.5220. Major Resistance Levels \u2013 $0.5380 and $0.5420.<\/p>\n","protected":false},"author":67,"featured_media":609038,"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-609036","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 Rises Within Range: Poised for a Breakout?<\/title>\n<meta name=\"description\" content=\"XRP price avoided a major downside break as ETH\u2019s surges. 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