XRP Price Stands Firm Amid Bitcoin’s Dip: A Sign of Strength?
01 Novembre 2024 - 5:48AM
NEWSBTC
XRP price is holding the $0.5020 support zone. The price is beating
Bitcoin and might aim for a move above the $0.5250 resistance. XRP
price is eyeing more gains above the $0.5250 zone. The price is now
trading below $0.5200 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance at
$0.5185 on the hourly chart of the XRP/USD pair (data source from
Kraken). The pair could gain bullish momentum if it settles above
the $0.5200 resistance zone. XRP Price Eyes Upside Break XRP price
extended losses below the $0.5120 support zone. The price even
declined below $0.5050 before the bulls emerged, but losses were
limited compared to Bitcoin and Ethereum. A low was formed at
$0.5025 and the price started a fresh increase. There was a move
above the $0.5050 and $0.5120 resistance levels. It cleared the 50%
Fib retracement level of the downward move from the $0.5307 swing
high to the $0.5025 low. Besides, there was a break above a key
bearish trend line with resistance at $0.5185 on the hourly chart
of the XRP/USD pair. The price is now trading below $0.5200 and the
100-hourly Simple Moving Average. On the upside, the price might
face resistance near the $0.5200 level or the 61.8% Fib retracement
level of the downward move from the $0.5307 swing high to the
$0.5025 low. The first major resistance is near the $0.5240 level.
The next key resistance could be $0.5300. A clear move above the
$0.5300 resistance might send the price toward the $0.5350
resistance. Any more gains might send the price toward the $0.5500
resistance or even $0.5550 in the near term. The next major hurdle
might be $0.5850. Another Decline? If XRP fails to clear the
$0.5200 resistance zone, it could start another decline. Initial
support on the downside is near the $0.5120 level. The next major
support is near the $0.5085 level. If there is a downside break and
a close below the $0.5085 level, the price might continue to
decline toward the $0.5020 support in the near term. The next major
support sits near the $0.4880 zone. 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 – $0.5150 and $0.5085.
Major Resistance Levels – $0.5200 and $0.5240.
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Dic 2023 a Dic 2024