XRP Price Could Soon Surge: Can Bulls Fuel the Rally?
23 Settembre 2024 - 6:28AM
NEWSBTC
XRP price is attempting an upside break above $0.600. The price is
showing positive signs, but a weekly close above $0.600 is needed
for a fresh surge. XRP price started another increase toward the
$0.6050 zone. The price is now trading above $0.5880 and the
100-hourly Simple Moving Average. There was a break above a key
bearish trend line with resistance at $0.590 on the hourly chart of
the XRP/USD pair (data source from Kraken). The pair could gain
bullish momentum if it clears the $0.5950 and $0.600 resistance
levels. XRP Price Could Gain Bullish Momentum XRP price remained
well-supported above $0.5750 and started a fresh increase like
Bitcoin and Ethereum. The price was able to clear the $0.580 and
$0.5880 resistance levels. There was a break above a key bearish
trend line with resistance at $0.590 on the hourly chart of the
XRP/USD pair. The bulls were able to push the price toward the 50%
Fib retracement level of the downward move from the $0.6123 swing
high to the $0.5784 high at $0.5950. The price is now trading above
$0.5880 and the 100-hourly Simple Moving Average. On the upside,
the price might face resistance near the $0.5950 level. The first
major resistance is near the $0.600 level. The next key resistance
could be $0.6050 or the 76.4% Fib retracement level of the downward
move from the $0.6123 swing high to the $0.5784 high. A clear move
above the $0.6050 resistance might send the price toward the
$0.6120 resistance. Any more gains might send the price toward the
$0.6280 resistance or even $0.6320 in the near term. Another
Rejection and Drop? If XRP fails to clear the $0.600 resistance
zone, it could start another decline. Initial support on the
downside is near the $0.5880 level and the 100-hourly Simple Moving
Average. The next major support is near the $0.580 level. If there
is a downside break and a close below the $0.580 level, the price
might continue to decline toward the $0.5720 support in the near
term. The next major support sits at $0.5650. 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 – $0.5880
and $0.5720. Major Resistance Levels – $0.5950 and $0.6050.
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Ott 2023 a Ott 2024