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{"id":629759,"date":"2024-07-15T04:58:34","date_gmt":"2024-07-15T04:58:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629759"},"modified":"2024-07-15T04:15:12","modified_gmt":"2024-07-15T04:15:12","slug":"xrp-price-soars-0-550","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-soars-0-550\/","title":{"rendered":"XRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?"},"content":{"rendered":"

XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone.<\/em><\/p>\n

\n
XRP price gained over 20% in a few days and broke the $0.500 zone.<\/li>\n
The price is now trading above $0.5050 and the 100-hourly Simple Moving Average.<\/li>\n
There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could extend gains if there is a close above the $0.540 resistance level.<\/li>\n<\/ul>\n
XRP Price Regains Strength<\/h2>\n
XRP price remained in a positive zone above the $0.440 level and extended its recovery wave. It gained over 20% in a few days, outperforming Ethereum<\/a> and Bitcoin<\/a>. The price was able to climb above the $0.5050 and $0.5200 resistance levels.<\/p>\n
The price even cleared the $0.5450 level and spiked above $0.550. A high was formed at $0.5659 and the price corrected gains. There was a minor decline below the $0.5450 level. The price tested the $0.5150 support zone. A low was formed at $0.5140 and the price is now consolidating.<\/p>\n
There was a move above the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5140 low. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. Besides, there is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP\/USD pair.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price is facing resistance near the $0.5290 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5880 level. Any more gains might send the price toward the $0.600 resistance.<\/p>\n
Are Dips Supported?<\/h2>\n
If XRP fails to clear the $0.5450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.520 level.<\/p>\n
The next major support is at $0.5150. If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.490 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5200 and $0.5150.<\/p>\n
Major Resistance Levels \u2013 $0.5320 and $0.5450.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone. XRP price gained over 20% in a few days and broke the $0.500 zone. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.540 resistance level. XRP Price Regains Strength XRP price remained in a positive zone above the $0.440 level and extended its recovery wave. It gained over 20% in a few days, outperforming Ethereum and Bitcoin. The price was able to climb above the $0.5050 and $0.5200 resistance levels. The price even cleared the $0.5450 level and spiked above $0.550. A high was formed at $0.5659 and the price corrected gains. There was a minor decline below the $0.5450 level. The price tested the $0.5150 support zone. A low was formed at $0.5140 and the price is now consolidating. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5140 low. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. Besides, there is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP\/USD pair. On the upside, the price is facing resistance near the $0.5290 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5880 level. Any more gains might send the price toward the $0.600 resistance. Are Dips Supported? If XRP fails to clear the $0.5450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.520 level. The next major support is at $0.5150. If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.490 support in the near term. 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 above the 50 level. Major Support Levels \u2013 $0.5200 and $0.5150. Major Resistance Levels \u2013 $0.5320 and $0.5450.<\/p>\n","protected":false},"author":67,"featured_media":629762,"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-629759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?<\/title>\n<meta name=\"description\" content=\"XRP price gained bullish momentum above the $0.50 resistance zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-soars-0-550\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-soars-0-550\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Surges.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Surges.jpeg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-07-15T04:58:34Z","datePublished":"2024-07-15T04:58:34Z","dateModified":"2024-07-15T04:58:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-soars-0-550\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-soars-0-550\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Surges.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Surges.jpeg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-07-15T04:58:34Z\",\"datePublished\":\"2024-07-15T04:58:34Z\",\"dateModified\":\"2024-07-15T04:58:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Surges.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629759"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=629759"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/629762"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=629759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=629759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=629759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}