{"id":640862,"date":"2024-09-10T04:18:08","date_gmt":"2024-09-10T04:18:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640862"},"modified":"2024-09-10T03:29:02","modified_gmt":"2024-09-10T03:29:02","slug":"xrp-price-targets-0-55","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-targets-0-55\/","title":{"rendered":"XRP Price Targets $0.550 Breakout For A Potential Rally"},"content":{"rendered":"<p><em>XRP price started a recovery wave above the $0.5320 level. The price could gain pace if it clears the $0.5480 and $0.550 resistance levels.<\/em><\/p>\n<ul>\n<li>XRP price is aiming for a move above the $0.550 resistance zone.<\/li>\n<li>The price is now trading above $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $0.5480 and $0.550 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Starts Recovery<\/h2>\n<p>XRP price formed a base near $0.5020 to start a recovery wave like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-gains-58k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovers-2320\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price started a decent increase above the $0.5220 and $0.5250 resistance levels.<\/p>\n<p>The bulls were able to push the price above the 50% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The price even spiked above the $0.540 level before it faced resistance.<\/p>\n<p>The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>On the upside, the price might face resistance near the $0.5420 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The next key resistance could be $0.5550.<\/p>\n<figure id=\"attachment_640863\" aria-describedby=\"caption-attachment-640863\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-640863 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?resize=1024%2C478\" alt=\"XRP Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_f5f9ff.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-640863\" 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>A clear move above the $0.5550 resistance might send the price toward the $0.5680 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5420 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is $0.5220.<\/p>\n<p>If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5080 support in the near term. The next major support sits at $0.5020.<\/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 $0.5320 and $0.5220.<\/p>\n<p>Major Resistance Levels \u2013 $0.5420 and $0.5500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a recovery wave above the $0.5320 level. The price could gain pace if it clears the $0.5480 and $0.550 resistance levels. XRP price is aiming for a move above the $0.550 resistance zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5480 and $0.550 resistance levels. XRP Price Starts Recovery XRP price formed a base near $0.5020 to start a recovery wave like Bitcoin and Ethereum. The price started a decent increase above the $0.5220 and $0.5250 resistance levels. The bulls were able to push the price above the 50% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The price even spiked above the $0.540 level before it faced resistance. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair. On the upside, the price might face resistance near the $0.5420 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5680 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term. Another Decline? If XRP fails to clear the $0.5420 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is $0.5220. If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5080 support in the near term. The next major support sits at $0.5020. 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 $0.5320 and $0.5220. Major Resistance Levels \u2013 $0.5420 and $0.5500.<\/p>\n","protected":false},"author":67,"featured_media":640864,"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-640862","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 Targets $0.550 Breakout For A Potential Rally<\/title>\n<meta name=\"description\" content=\"XRP price started a recovery wave above the $0.5320 level. 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