{"id":610137,"date":"2024-05-28T02:28:49","date_gmt":"2024-05-28T02:28:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610137"},"modified":"2024-06-11T14:46:14","modified_gmt":"2024-06-11T14:46:14","slug":"xrp-price-stuck-0-5320","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-stuck-0-5320\/","title":{"rendered":"XRP Price Stuck in a Range: Will It Break Out Soon?"},"content":{"rendered":"<p><em>XRP price again struggled to continue higher above the $0.540 resistance. It is now consolidating near $0.5320 and might aim for an upside break.<\/em><\/p>\n<ul>\n<li>XRP is still facing many hurdles near the $0.5420 zone.<\/li>\n<li>The price is now trading near $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support near $0.5265 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if the bulls remain active above the $0.5220 zone.<\/li>\n<\/ul>\n<h2>XRP Price Holds Support<\/h2>\n<p>In the past few sessions, XRP price traded in a positive zone like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-higher-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-new-peaks-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. However, the bears were active near the $0.540 and $0.5420 resistance levels.<\/p>\n<p>The recent high was formed at $0.5405 and the price is now correcting gains in a range. There was a move below the $0.5340 support zone and the price spiked below the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5405 high.<\/p>\n<p>However, the bulls are active near the $0.530 zone and the 61.8% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5405 high. There is also a connecting bullish trend line forming with support near $0.5265 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The pair is now trading near $0.5320 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5365 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 $0.5450.<\/p>\n<figure id=\"attachment_610138\" aria-describedby=\"caption-attachment-610138\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610138 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_c61515.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-610138\" 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 there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5550 resistance. Any more gains might send the price toward the $0.5720 resistance.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $0.5420 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5265 level and the trend line.<\/p>\n<p>The next major support is at $0.520. If there is a downside break and a close below the $0.520 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5120 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 $0.5300 and $0.5200.<\/p>\n<p>Major Resistance Levels \u2013 $0.5365 and $0.5420.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price again struggled to continue higher above the $0.540 resistance. It is now consolidating near $0.5320 and might aim for an upside break. XRP is still facing many hurdles near the $0.5420 zone. The price is now trading near $0.5320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $0.5265 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls remain active above the $0.5220 zone. XRP Price Holds Support In the past few sessions, XRP price traded in a positive zone like Bitcoin and Ethereum. However, the bears were active near the $0.540 and $0.5420 resistance levels. The recent high was formed at $0.5405 and the price is now correcting gains in a range. There was a move below the $0.5340 support zone and the price spiked below the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5405 high. However, the bulls are active near the $0.530 zone and the 61.8% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5405 high. There is also a connecting bullish trend line forming with support near $0.5265 on the hourly chart of the XRP\/USD pair. The pair is now trading near $0.5320 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5365 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 $0.5450. If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5550 resistance. Any more gains might send the price toward the $0.5720 resistance. More Downsides? If XRP fails to clear the $0.5420 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5265 level and the trend line. The next major support is at $0.520. If there is a downside break and a close below the $0.520 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5120 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 $0.5300 and $0.5200. Major Resistance Levels \u2013 $0.5365 and $0.5420.<\/p>\n","protected":false},"author":67,"featured_media":610139,"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-610137","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 Stuck in a Range: Will It Break Out Soon?<\/title>\n<meta name=\"description\" content=\"XRP price again struggled to continue higher above the $0.540 resistance. 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