XRP Price Eyes $0.60 Reclaim: Crucial for a Fresh Upswing
14 Agosto 2024 - 5:58AM
NEWSBTC
XRP price is slowly moving higher above the $0.5650 support. The
price must clear $0.5880 and $0.60 to start a fresh increase in the
near term. XRP price is attempting a fresh increase above the
$0.5650 level. The price is now trading near $0.5750 and the
100-hourly Simple Moving Average. There is a key rising channel
forming with resistance at $0.5880 on the hourly chart of the
XRP/USD pair (data source from Kraken). The pair could start a
fresh increase if it clears the $0.5880 resistance zone. XRP Price
Eyes Fresh Increase XRP price remained stable near the $0.550 level
and started a fresh increase like Bitcoin and Ethereum. The price
was able to climb above the $0.5620 and $0.5650 resistance levels.
There was a move above the 50% Fib retracement level of the
downward move from the $0.6020 swing high to the $0.5455 low. It
seems like the bulls could soon attempt an upside break above the
$0.600 resistance zone. However, the bears are active near the
$0.5880 resistance zone. There is also a key rising channel forming
with resistance at $0.5880 on the hourly chart of the XRP/USD pair.
The price is now trading near $0.5750 and the 100-hourly Simple
Moving Average. On the upside, the price is facing hurdles near the
$0.5880 level. It is close to the 76.4% Fib retracement level of
the downward move from the $0.6020 swing high to the $0.5455 low.
The first major resistance is near the $0.60 level. The next key
resistance could be $0.6020. A clear move above the $0.6020
resistance might send the price toward the $0.6150 resistance. The
next major resistance is near the $0.6250 level. Any more gains
might send the price toward the $0.6320 resistance or even $0.650
in the near term. Another Drop? If XRP fails to clear the $0.5880
resistance zone, it could start another decline. Initial support on
the downside is near the $0.570 level. The next major support is at
$0.5650. If there is a downside break and a close below the $0.5650
level, the price might continue to decline toward the $0.550
support. The next major support sits at $0.5350. Technical
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace
in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI
for XRP/USD is now above the 50 level. Major Support Levels –
$0.5700 and $0.5650. Major Resistance Levels – $0.5880 and $0.6000.
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Ago 2023 a Ago 2024