{"id":637945,"date":"2024-08-27T04:58:16","date_gmt":"2024-08-27T04:58:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=637945"},"modified":"2024-08-27T04:19:12","modified_gmt":"2024-08-27T04:19:12","slug":"xrp-price-breakout-0-60-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-breakout-0-60-2\/","title":{"rendered":"XRP Price Flashes Breakout Signal: Are Short-Term Gains Coming?"},"content":{"rendered":"<p><em>XRP price is attempting a fresh increase from the $0.5785 support zone. The price could gain bullish pace if it clears the $0.60 resistance.<\/em><\/p>\n<ul>\n<li>XRP price is eyeing a fresh increase from the $0.5785 level.<\/li>\n<li>The price is now trading below $0.600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.590 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain momentum if it clears the $0.600 and $0.6050 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Aims Steady Increase<\/h2>\n<p>XRP price extended its decline below the $0.5920 support. It tested the $0.5785 zone. A low was formed at $0.5788 and the price is now attempting a fresh increase unlike <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-slips-63500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-pulls-back-2645\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move above the $0.5850 and $0.5880 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5788 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.590 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price is still trading below $0.600 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.600 level. The first major resistance is near the $0.6020 level.<\/p>\n<p>The next key resistance could be $0.6050 or the 50% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5788 low. A clear move above the $0.6050 resistance might send the price toward the $0.6160 resistance.<\/p>\n<figure id=\"attachment_637946\" aria-describedby=\"caption-attachment-637946\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-637946 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?resize=1024%2C461\" alt=\"XRP Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/XRP_Price_6b2c8c.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-637946\" 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>The next major resistance is near the $0.6250 level. Any more gains might send the price toward the $0.6350 resistance or even $0.650 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.60 resistance zone, it could start another decline. Initial support on the downside is near the $0.5850 level. The next major support is at $0.5785.<\/p>\n<p>If there is a downside break and a close below the $0.5785 level, the price might continue to decline toward the $0.550 support in the near term. The next major support sits at $0.5320.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $0.5850 and $0.5785.<\/p>\n<p>Major Resistance Levels \u2013 $0.6000 and $0.6050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is attempting a fresh increase from the $0.5785 support zone. The price could gain bullish pace if it clears the $0.60 resistance. XRP price is eyeing a fresh increase from the $0.5785 level. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.590 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain momentum if it clears the $0.600 and $0.6050 resistance levels. XRP Price Aims Steady Increase XRP price extended its decline below the $0.5920 support. It tested the $0.5785 zone. A low was formed at $0.5788 and the price is now attempting a fresh increase unlike Bitcoin and Ethereum. There was a move above the $0.5850 and $0.5880 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5788 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.590 on the hourly chart of the XRP\/USD pair. The price is still trading below $0.600 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.600 level. The first major resistance is near the $0.6020 level. The next key resistance could be $0.6050 or the 50% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5788 low. A clear move above the $0.6050 resistance might send the price toward the $0.6160 resistance. The next major resistance is near the $0.6250 level. Any more gains might send the price toward the $0.6350 resistance or even $0.650 in the near term. Another Decline? If XRP fails to clear the $0.60 resistance zone, it could start another decline. Initial support on the downside is near the $0.5850 level. The next major support is at $0.5785. If there is a downside break and a close below the $0.5785 level, the price might continue to decline toward the $0.550 support in the near term. The next major support sits at $0.5320. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.5850 and $0.5785. Major Resistance Levels \u2013 $0.6000 and $0.6050.<\/p>\n","protected":false},"author":67,"featured_media":637947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-637945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Flashes Breakout Signal: Are Short-Term Gains Coming?<\/title>\n<meta name=\"description\" content=\"XRP price is attempting a fresh increase from the $0.5785 support zone. 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