{"id":642991,"date":"2024-09-19T04:28:20","date_gmt":"2024-09-19T04:28:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=642991"},"modified":"2024-09-19T03:50:03","modified_gmt":"2024-09-19T03:50:03","slug":"xrp-price-nears-0-60","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-nears-0-60\/","title":{"rendered":"XRP Price Nears $0.60: Is A Major Pump Imminent?"},"content":{"rendered":"<p><em>XRP price is again moving higher above $0.580. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.<\/em><\/p>\n<ul>\n<li>XRP price remained supported near the $0.5700 zone.<\/li>\n<li>The price is now trading above $0.580 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a major bearish trend line with resistance at $0.5720 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 $0.5920 and $0.600 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Upside Break<\/h2>\n<p>XRP price formed a base above $0.5620 and started a fresh increase like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-surges-fed-rate-cut\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-trails-bitcoin-2420\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price was able to clear the $0.5720 and $0.5850 resistance levels.<\/p>\n<p>There was a break above a major bearish trend line with resistance at $0.5720 on the hourly chart of the XRP\/USD pair. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low.<\/p>\n<p>The price is now trading above $0.580 and the 100-hourly Simple Moving Average. The price is now consolidating near the 76.4% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low.<\/p>\n<p>On the upside, the price might face resistance near the $0.5880 level. The first major resistance is near the $0.5920 level. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.6160 resistance.<\/p>\n<figure id=\"attachment_642992\" aria-describedby=\"caption-attachment-642992\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-642992 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_53b6c0.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-642992\" 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 $0.6220 level. Any more gains might send the price toward the $0.6320 resistance or even $0.6350 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5920 resistance zone, it could start another decline. Initial support on the downside is near the $0.580 level and the 100-hourly Simple Moving Average. The next major support is near the $0.5690 level.<\/p>\n<p>If there is a downside break and a close below the $0.5690 level, the price might continue to decline toward the $0.5620 support in the near term. The next major support sits at $0.5550.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5820 and $0.5790.<\/p>\n<p>Major Resistance Levels \u2013 $0.5920 and $0.6000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is again moving higher above $0.580. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP price remained supported near the $0.5700 zone. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5720 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP Price Eyes Upside Break XRP price formed a base above $0.5620 and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5720 and $0.5850 resistance levels. There was a break above a major bearish trend line with resistance at $0.5720 on the hourly chart of the XRP\/USD pair. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. The price is now consolidating near the 76.4% Fib retracement level of the downward move from the $0.5932 swing high to the $0.5622 low. On the upside, the price might face resistance near the $0.5880 level. The first major resistance is near the $0.5920 level. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.6160 resistance. The next major resistance is near the $0.6220 level. Any more gains might send the price toward the $0.6320 resistance or even $0.6350 in the near term. Another Decline? If XRP fails to clear the $0.5920 resistance zone, it could start another decline. Initial support on the downside is near the $0.580 level and the 100-hourly Simple Moving Average. The next major support is near the $0.5690 level. If there is a downside break and a close below the $0.5690 level, the price might continue to decline toward the $0.5620 support in the near term. The next major support sits at $0.5550. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5820 and $0.5790. Major Resistance Levels \u2013 $0.5920 and $0.6000.<\/p>\n","protected":false},"author":67,"featured_media":642993,"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-642991","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 Nears $0.60: Is A Major Pump Imminent?<\/title>\n<meta name=\"description\" content=\"XRP price is again moving higher above $0.580. 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