{"id":641652,"date":"2024-09-13T04:18:27","date_gmt":"2024-09-13T04:18:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641652"},"modified":"2024-09-13T03:22:36","modified_gmt":"2024-09-13T03:22:36","slug":"xrp-price-breaks-out-0-5660","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-breaks-out-0-5660\/","title":{"rendered":"XRP Price Breaks Out and Surges: Will the Momentum Last?"},"content":{"rendered":"<p><em>XRP price rallied above the $0.5550 and $0.560 levels. It is now consolidating gains above $0.550 and might aim for more gains in the near term.<\/em><\/p>\n<ul>\n<li>XRP price gained pace for a move above the $0.550 resistance zone.<\/li>\n<li>The price is now trading above $0.550 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a new connecting bullish trend line forming with support at $0.550 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could regain traction if it stays above the $0.550 pivot level.<\/li>\n<\/ul>\n<h2>XRP Price Gains Momentum<\/h2>\n<p>XRP price remained well-supported above the $0.5320 level like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-gains-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-consolidates-2500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price started a fresh increase and was able to clear the key hurdle at $0.5420.<\/p>\n<p>There was a surge above the $0.5550 and $0.5650 levels. The price even tested the $0.5870 zone. A high was formed at $0.5869 and the price started a sharp pullback. There was a move below the $0.5720 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5869 high.<\/p>\n<p>The price is now trading above $0.550 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $0.550 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5869 high.<\/p>\n<p>On the upside, the price might face resistance near the $0.5660 level. The first major resistance is near the $0.5720 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.5920 resistance.<\/p>\n<figure id=\"attachment_641653\" aria-describedby=\"caption-attachment-641653\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-641653 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_dbe15b.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-641653\" 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 $0.600 level. Any more gains might send the price toward the $0.6050 resistance or even $0.6120 in the near term.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $0.5660 resistance zone, it could start another decline. Initial support on the downside is near the $0.5550 level. The next major support is $0.5500.<\/p>\n<p>If there is a downside break and a close below the $0.5500 level, the price might continue to decline toward the $0.5380 support in the near term. The next major support sits at $0.5250.<\/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 $0.5550 and $0.5500.<\/p>\n<p>Major Resistance Levels \u2013 $0.5660 and $0.5720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price rallied above the $0.5550 and $0.560 levels. It is now consolidating gains above $0.550 and might aim for more gains in the near term. XRP price gained pace for a move above the $0.550 resistance zone. The price is now trading above $0.550 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $0.550 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could regain traction if it stays above the $0.550 pivot level. XRP Price Gains Momentum XRP price remained well-supported above the $0.5320 level like Bitcoin and Ethereum. The price started a fresh increase and was able to clear the key hurdle at $0.5420. There was a surge above the $0.5550 and $0.5650 levels. The price even tested the $0.5870 zone. A high was formed at $0.5869 and the price started a sharp pullback. There was a move below the $0.5720 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5869 high. The price is now trading above $0.550 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $0.550 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5869 high. On the upside, the price might face resistance near the $0.5660 level. The first major resistance is near the $0.5720 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.5920 resistance. The next major resistance is near the $0.600 level. Any more gains might send the price toward the $0.6050 resistance or even $0.6120 in the near term. More Downsides? If XRP fails to clear the $0.5660 resistance zone, it could start another decline. Initial support on the downside is near the $0.5550 level. The next major support is $0.5500. If there is a downside break and a close below the $0.5500 level, the price might continue to decline toward the $0.5380 support in the near term. The next major support sits at $0.5250. 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 $0.5550 and $0.5500. Major Resistance Levels \u2013 $0.5660 and $0.5720.<\/p>\n","protected":false},"author":67,"featured_media":641654,"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-641652","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 Breaks Out and Surges: Will the Momentum Last?<\/title>\n<meta name=\"description\" content=\"XRP price rallied above the $0.5550 and $0.560 levels. 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