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{"id":630311,"date":"2024-07-18T04:08:02","date_gmt":"2024-07-18T04:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=630311"},"modified":"2024-07-18T03:20:31","modified_gmt":"2024-07-18T03:20:31","slug":"xrp-price-regains-0-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-regains-0-60\/","title":{"rendered":"XRP Price Regains $0.60: Key Levels to Watch Moving Forward"},"content":{"rendered":"

XRP price extended its increase above the $0.600 resistance zone. The price is consolidating gains and might correct lower toward the $0.5850 support.<\/em><\/p>\n

\n
XRP price started another increase above the $0.60 resistance zone.<\/li>\n
The price is now trading above $0.5850 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $0.5820 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could correct lower, but the bulls might be active near the $0.5850 level.<\/li>\n<\/ul>\n
XRP Price Clears The $0.60 Hurdle<\/h2>\n
XRP price remained stable above the $0.550 level and started a fresh increase. The price broke the $0.5850 resistance and extended gains, whereas Ethereum and Bitcoin<\/a> struggled to continue higher.<\/p>\n
The price even cleared the $0.60 resistance, as discussed in the previous analysis<\/a>. It price traded as high as $0.6374 and is currently correcting gains. There was a minor decline below $0.620. The price declined below the 23.6% Fib retracement level of the upward move from the $0.5330 swing low to the $0.6374 high.<\/p>\n
The price is now trading above $0.600 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $0.5820 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.6374 high.<\/p>\n
$\"XRP$ <\/a><\/p>\n
On the upside, the price is facing resistance near the $0.620 level. The first major resistance is near the $0.6350 level. The next key resistance could be $0.6420. A clear move above the $0.6420 resistance might send the price toward the $0.650 resistance. The next major resistance is near the $0.6550 level. Any more gains might send the price toward the $0.680 resistance.<\/p>\n
Are Dips Limited?<\/h2>\n
If XRP fails to clear the $0.620 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.600 level. The next major support is at $0.5850 and the trend line.<\/p>\n
If there is a downside break and a close below the $0.5850 level, the price might continue to decline toward the $0.550 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 below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5850 and $0.5500.<\/p>\n
Major Resistance Levels \u2013 $0.620 and $0.6350.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price extended its increase above the $0.600 resistance zone. The price is consolidating gains and might correct lower toward the $0.5850 support. XRP price started another increase above the $0.60 resistance zone. The price is now trading above $0.5850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5820 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could correct lower, but the bulls might be active near the $0.5850 level. XRP Price Clears The $0.60 Hurdle XRP price remained stable above the $0.550 level and started a fresh increase. The price broke the $0.5850 resistance and extended gains, whereas Ethereum and Bitcoin struggled to continue higher. The price even cleared the $0.60 resistance, as discussed in the previous analysis. It price traded as high as $0.6374 and is currently correcting gains. There was a minor decline below $0.620. The price declined below the 23.6% Fib retracement level of the upward move from the $0.5330 swing low to the $0.6374 high. The price is now trading above $0.600 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $0.5820 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.6374 high. On the upside, the price is facing resistance near the $0.620 level. The first major resistance is near the $0.6350 level. The next key resistance could be $0.6420. A clear move above the $0.6420 resistance might send the price toward the $0.650 resistance. The next major resistance is near the $0.6550 level. Any more gains might send the price toward the $0.680 resistance. Are Dips Limited? If XRP fails to clear the $0.620 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.600 level. The next major support is at $0.5850 and the trend line. If there is a downside break and a close below the $0.5850 level, the price might continue to decline toward the $0.550 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 below the 50 level. Major Support Levels \u2013 $0.5850 and $0.5500. Major Resistance Levels \u2013 $0.620 and $0.6350.<\/p>\n","protected":false},"author":67,"featured_media":630313,"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-630311","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 Regains $0.60: Key Levels to Watch Moving Forward<\/title>\n<meta name=\"description\" content=\"XRP price extended its increase above the $0.600 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 Regains $0.60: Key Levels to Watch Moving Forward","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-regains-0-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-regains-0-60\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Strong.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Strong.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":"2024-07-18T04:08:02Z","datePublished":"2024-07-18T04:08:02Z","dateModified":"2024-07-18T04:08:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Regains $0.60: Key Levels to Watch Moving Forward\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-regains-0-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-regains-0-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Strong.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Strong.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\":\"2024-07-18T04:08:02Z\",\"datePublished\":\"2024-07-18T04:08:02Z\",\"dateModified\":\"2024-07-18T04:08:02Z\"}<\/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-Strong.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630311","targetHints":{"allow":["GET"]}}],"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=630311"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/630313"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=630311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=630311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=630311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}