{"id":611463,"date":"2024-06-05T03:58:51","date_gmt":"2024-06-05T03:58:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=611463"},"modified":"2024-06-11T07:40:57","modified_gmt":"2024-06-11T07:40:57","slug":"xrp-price-aims-0-550","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-aims-0-550\/","title":{"rendered":"XRP Price Aims for a Bullish Surge: Is a Major Move on the Horizon?"},"content":{"rendered":"<p><em>XRP price is slowly moving higher above the $0.5120 zone. It could start a major increase if there is a close above the $0.5320 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP is attempting a fresh increase above the $0.5220 zone.<\/li>\n<li>The price is now trading above $0.520 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $0.5240 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 clear move above $0.5300.<\/li>\n<\/ul>\n<h2>XRP Price Holds Support<\/h2>\n<p>XRP price remained well-supported above the $0.500 zone and started a fresh increase like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-green-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-stuck-3840\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price was able to clear the $0.5120 and $0.5150 levels.<\/p>\n<p>There was a clear move above the $0.5250 resistance and the price tested the $0.530 zone. A high was formed at $0.5300 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high.<\/p>\n<p>The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>On the upside, the price is facing resistance near the $0.5280 level. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450.<\/p>\n<figure id=\"attachment_611464\" aria-describedby=\"caption-attachment-611464\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-611464 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_f8ca9a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-611464\" 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 $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.530 resistance zone, it could start another decline. Initial support on the downside is near the $0.5240 level and the trend line.<\/p>\n<p>The next major support is at $0.5190 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. If there is a downside break and a close below the $0.5190 level, the price might accelerate lower. 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 $0.5240 and $0.5190.<\/p>\n<p>Major Resistance Levels \u2013 $0.5300 and $0.5320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is slowly moving higher above the $0.5120 zone. It could start a major increase if there is a close above the $0.5320 resistance zone. XRP is attempting a fresh increase above the $0.5220 zone. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a decent increase if there is a clear move above $0.5300. XRP Price Holds Support XRP price remained well-supported above the $0.500 zone and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5120 and $0.5150 levels. There was a clear move above the $0.5250 resistance and the price tested the $0.530 zone. A high was formed at $0.5300 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP\/USD pair. On the upside, the price is facing resistance near the $0.5280 level. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 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 $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance. Another Decline? If XRP fails to clear the $0.530 resistance zone, it could start another decline. Initial support on the downside is near the $0.5240 level and the trend line. The next major support is at $0.5190 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. If there is a downside break and a close below the $0.5190 level, the price might accelerate lower. 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 $0.5240 and $0.5190. Major Resistance Levels \u2013 $0.5300 and $0.5320.<\/p>\n","protected":false},"author":67,"featured_media":611465,"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-611463","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 Aims for a Bullish Surge: Is a Major Move on the Horizon?<\/title>\n<meta name=\"description\" content=\"XRP price is slowly moving higher above the $0.5120 zone. 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