XRP Price Aims for a Bullish Surge: Is a Major Move on the Horizon?
05 Giugno 2024 - 5:58AM
NEWSBTC
XRP price is slowly moving higher above the $0.5120 zone. It could
start a major increase if there is a close above the $0.5320
resistance zone. XRP is attempting a fresh increase above the
$0.5220 zone. The price is now trading above $0.520 and the
100-hourly Simple Moving Average. There is a connecting bullish
trend line forming with support at $0.5240 on the hourly chart of
the XRP/USD pair (data source from Kraken). The pair could start a
decent increase if there is a clear move above $0.5300. XRP Price
Holds Support XRP price remained well-supported above the $0.500
zone and started a fresh increase like Bitcoin and Ethereum. The
price was able to clear the $0.5120 and $0.5150 levels. There was a
clear move above the $0.5250 resistance and the price tested the
$0.530 zone. A high was formed at $0.5300 and the price is now
consolidating gains above the 23.6% Fib retracement level of the
upward move from the $0.5080 swing low to the $0.5300 high. The
price is now trading above $0.5250 and the 100-hourly Simple Moving
Average. There is also a connecting bullish trend line forming with
support at $0.5240 on the hourly chart of the XRP/USD pair. On the
upside, the price is facing resistance near the $0.5280 level. The
first key resistance is near $0.5300. The next major resistance is
near the $0.5320 level. A close above the $0.5320 resistance zone
could send the price higher. The next key resistance is near
$0.5450. If there is a close above the $0.5450 resistance level,
there could be a steady increase toward the $0.5560 resistance. Any
more gains might send the price toward the $0.5650 resistance.
Another Decline? If XRP fails to clear the $0.530 resistance zone,
it could start another decline. Initial support on the downside is
near the $0.5240 level and the trend line. The next major support
is at $0.5190 or the 50% Fib retracement level of the upward move
from the $0.5080 swing low to the $0.5300 high. If there is a
downside break and a close below the $0.5190 level, the price might
accelerate lower. In the stated case, the price could decline and
retest the $0.5120 support in the near term. Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for
XRP/USD is now above the 50 level. Major Support Levels – $0.5240
and $0.5190. Major Resistance Levels – $0.5300 and $0.5320.
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Ott 2023 a Ott 2024