{"id":656652,"date":"2024-12-04T04:08:41","date_gmt":"2024-12-04T04:08:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656652"},"modified":"2024-12-04T02:57:37","modified_gmt":"2024-12-04T02:57:37","slug":"xrp-price-swings-1-50","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-swings-1-50\/","title":{"rendered":"XRP Price Swings Wildly: Can It Resume Its Rally?"},"content":{"rendered":"<p><em>XRP price saw a couple of swing moves from the $2.85 resistance. The price is consolidating near $2.50 and might aim for more gains above the $2.65 level.<\/em><\/p>\n<ul>\n<li>XRP price is struggling to gain pace for a move above the $2.80 resistance zone.<\/li>\n<li>The price is now trading above $2.30 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to accelerate if it clears the $2.72 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Holds Gains Above $2.30<\/h2>\n<p>XRP price made another attempt to clear the $3.00 resistance. However, it failed to surpass $2.85 and corrected some gains unlike <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-95k-plateau\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and like <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-holds-steady-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move below the $2.65 and $2.50 levels.<\/p>\n<p>A low was formed at $2.276 and the price is now correcting losses. There was a move above the $2.40 and $2.50 levels. The bulls pushed it back above the 50% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low.<\/p>\n<p>The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>On the upside, the price might face resistance near the $2.620 level. The first major resistance is near the $2.720 level. It is close to the 76.4% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low.<\/p>\n<figure id=\"attachment_656653\" aria-describedby=\"caption-attachment-656653\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-656653\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?resize=1024%2C478\" alt=\"XRP Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_100659.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-656653\" 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 key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.950 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.150 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.40 level.<\/p>\n<p>If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.30 support and the trend line. The next major support sits near the $2.050 zone.<\/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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $2.5000 and $2.4000.<\/p>\n<p>Major Resistance Levels \u2013 $2.6200 and $2.7200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price saw a couple of swing moves from the $2.85 resistance. The price is consolidating near $2.50 and might aim for more gains above the $2.65 level. XRP price is struggling to gain pace for a move above the $2.80 resistance zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might continue to accelerate if it clears the $2.72 resistance. XRP Price Holds Gains Above $2.30 XRP price made another attempt to clear the $3.00 resistance. However, it failed to surpass $2.85 and corrected some gains unlike Bitcoin and like Ethereum. There was a move below the $2.65 and $2.50 levels. A low was formed at $2.276 and the price is now correcting losses. There was a move above the $2.40 and $2.50 levels. The bulls pushed it back above the 50% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.25 on the hourly chart of the XRP\/USD pair. On the upside, the price might face resistance near the $2.620 level. The first major resistance is near the $2.720 level. It is close to the 76.4% Fib retracement level of the recent decline from the $2.848 swing high to the $2.276 low. The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.950 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.150 in the near term. The next major hurdle for the bulls might be $3.20. Are Dips Limited? If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.30 support and the trend line. The next major support sits near the $2.050 zone. 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 below the 50 level. Major Support Levels \u2013 $2.5000 and $2.4000. Major Resistance Levels \u2013 $2.6200 and $2.7200.<\/p>\n","protected":false},"author":67,"featured_media":656654,"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-656652","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 Swings Wildly: Can It Resume Its Rally?<\/title>\n<meta name=\"description\" content=\"XRP price saw a couple of swing moves from the $2.85 resistance. 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