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{"id":630111,"date":"2024-07-17T04:08:53","date_gmt":"2024-07-17T04:08:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=630111"},"modified":"2024-07-17T03:14:01","modified_gmt":"2024-07-17T03:14:01","slug":"xrp-price-grinds-higher-0-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-grinds-higher-0-60\/","title":{"rendered":"XRP Price Grinds Higher: Is A Break Above $0.60 Imminent?"},"content":{"rendered":"

XRP price extended its increase above the $0.550 resistance zone. The price is showing positive signs and might extend gains above $0.5850 and $0.600.<\/em><\/p>\n

\n
XRP price started another increase above the $0.550 resistance zone.<\/li>\n
The price is now trading above $0.550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $0.5620 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 $0.600 resistance level.<\/li>\n<\/ul>\n
XRP Price Regains Strength<\/h2>\n
XRP price formed a base above the $0.525 level and started a fresh increase. The price broke the $0.5450 resistance to move again into a positive zone like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
There was also a move above the $0.5650 resistance level. A high was formed at $0.5925 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high.<\/p>\n
The price is now trading above $0.5550 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $0.5620 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 $0.5950 level. The first major resistance is near the $0.600 level. The next key resistance could be $0.620. A clear move above the $0.620 resistance might send the price toward the $0.6380 resistance. The next major resistance is near the $0.650 level. Any more gains might send the price toward the $0.6880 resistance.<\/p>\n
Are Dips Supported?<\/h2>\n
If XRP fails to clear the $0.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5620 level, the trend line, and the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high.<\/p>\n
The next major support is at $0.550. If there is a downside break and a close below the $0.550 level, the price might continue to decline toward the $0.5350 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5620 and $0.5500.<\/p>\n
Major Resistance Levels \u2013 $0.5950 and $0.6000.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price extended its increase above the $0.550 resistance zone. The price is showing positive signs and might extend gains above $0.5850 and $0.600. XRP price started another increase above the $0.550 resistance zone. The price is now trading above $0.550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5620 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 $0.600 resistance level. XRP Price Regains Strength XRP price formed a base above the $0.525 level and started a fresh increase. The price broke the $0.5450 resistance to move again into a positive zone like Ethereum and Bitcoin. There was also a move above the $0.5650 resistance level. A high was formed at $0.5925 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high. The price is now trading above $0.5550 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $0.5620 on the hourly chart of the XRP\/USD pair. On the upside, the price is facing resistance near the $0.5950 level. The first major resistance is near the $0.600 level. The next key resistance could be $0.620. A clear move above the $0.620 resistance might send the price toward the $0.6380 resistance. The next major resistance is near the $0.650 level. Any more gains might send the price toward the $0.6880 resistance. Are Dips Supported? If XRP fails to clear the $0.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5620 level, the trend line, and the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high. The next major support is at $0.550. If there is a downside break and a close below the $0.550 level, the price might continue to decline toward the $0.5350 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5620 and $0.5500. Major Resistance Levels \u2013 $0.5950 and $0.6000.<\/p>\n","protected":false},"author":67,"featured_media":630113,"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-630111","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 Grinds Higher: Is A Break Above $0.60 Imminent?<\/title>\n<meta name=\"description\" content=\"XRP price extended its increase above the $0.550 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 Grinds Higher: Is A Break Above $0.60 Imminent?","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-grinds-higher-0-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-grinds-higher-0-60\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Gains.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Gains.jpg?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":"2024-07-17T04:08:53Z","datePublished":"2024-07-17T04:08:53Z","dateModified":"2024-07-17T04:08:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Grinds Higher: Is A Break Above $0.60 Imminent?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-grinds-higher-0-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-grinds-higher-0-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Gains.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Gains.jpg?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\":\"2024-07-17T04:08:53Z\",\"datePublished\":\"2024-07-17T04:08:53Z\",\"dateModified\":\"2024-07-17T04:08:53Z\"}<\/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-Gains.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630111"}],"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=630111"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/630113"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=630111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=630111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=630111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}