{"id":645559,"date":"2024-10-01T04:08:37","date_gmt":"2024-10-01T04:08:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=645559"},"modified":"2024-10-01T03:44:00","modified_gmt":"2024-10-01T03:44:00","slug":"xrp-price-bulls-0-60","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-bulls-0-60\/","title":{"rendered":"XRP Price Eyes a Restart: Will the Bulls Take Charge Again?"},"content":{"rendered":"<p><em>XRP price started a downside correction below the $0.650 level. The price is now trading near the $0.6120 support and might aim for a fresh increase.<\/em><\/p>\n<ul>\n<li>XRP price started a pullback from the $0.6650 resistance zone.<\/li>\n<li>The price is now trading below $0.6450 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $0.6320 and $0.6350 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Fresh Increase<\/h2>\n<p>XRP price extended its increase above the $0.620 resistance, beating <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-support-62500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-battles-2550\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price even cleared the $0.650 level before the bears appeared. A high was formed at $0.6642 and the price started a downside correction.<\/p>\n<p>There was a move below the $0.6450 and $0.6350 levels. The price tested the $0.6100 zone. A low was formed at $0.6091 and the price is now consolidating losses. There was a minor move above the $0.6200 level.<\/p>\n<p>The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low. The price is now trading above $0.6150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6320 level.<\/p>\n<p>There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low.<\/p>\n<figure id=\"attachment_645560\" aria-describedby=\"caption-attachment-645560\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-645560 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-645560\" 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 first major resistance is near the $0.6420 level. The next key resistance could be $0.6500. A clear move above the $0.6500 resistance might send the price toward the $0.6640 resistance. Any more gains might send the price toward the $0.680 resistance or even $0.700 in the near term.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.6350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.6150 level. The next major support is near the $0.6080 level.<\/p>\n<p>If there is a downside break and a close below the $0.6080 level, the price might continue to decline toward the $0.600 support in the near term. The next major support sits at $0.580.<\/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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.6150 and $0.6080.<\/p>\n<p>Major Resistance Levels \u2013 $0.6320 and $0.6350.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a downside correction below the $0.650 level. The price is now trading near the $0.6120 support and might aim for a fresh increase. XRP price started a pullback from the $0.6650 resistance zone. The price is now trading below $0.6450 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6320 and $0.6350 resistance levels. XRP Price Eyes Fresh Increase XRP price extended its increase above the $0.620 resistance, beating Bitcoin and Ethereum. The price even cleared the $0.650 level before the bears appeared. A high was formed at $0.6642 and the price started a downside correction. There was a move below the $0.6450 and $0.6350 levels. The price tested the $0.6100 zone. A low was formed at $0.6091 and the price is now consolidating losses. There was a minor move above the $0.6200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low. The price is now trading above $0.6150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6320 level. There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.6642 swing high to the $0.6091 low. The first major resistance is near the $0.6420 level. The next key resistance could be $0.6500. A clear move above the $0.6500 resistance might send the price toward the $0.6640 resistance. Any more gains might send the price toward the $0.680 resistance or even $0.700 in the near term. More Losses? If XRP fails to clear the $0.6350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.6150 level. The next major support is near the $0.6080 level. If there is a downside break and a close below the $0.6080 level, the price might continue to decline toward the $0.600 support in the near term. The next major support sits at $0.580. 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 below the 50 level. Major Support Levels \u2013 $0.6150 and $0.6080. Major Resistance Levels \u2013 $0.6320 and $0.6350.<\/p>\n","protected":false},"author":67,"featured_media":645561,"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-645559","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 Eyes a Restart: Will the Bulls Take Charge Again?<\/title>\n<meta name=\"description\" content=\"XRP price started a downside correction below the $0.650 level. 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