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{"id":631660,"date":"2024-07-26T04:28:35","date_gmt":"2024-07-26T04:28:35","guid":{"rendered":"https:\/\/uniquehot.com\/?p=631660"},"modified":"2024-07-26T04:13:26","modified_gmt":"2024-07-26T04:13:26","slug":"xrp-price-surge-0-65","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-surge-0-65\/","title":{"rendered":"XRP Price Positioned for a Surge: Is Another Rally on the Horizon?"},"content":{"rendered":"

XRP price is holding gains above the $0.5920 zone. The price could gain bullish momentum if it clears the $0.6120 resistance level.<\/em><\/p>\n

\n
XRP price is consolidating gains below the $0.6120 resistance zone.<\/li>\n
The price is now trading near $0.6050 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it stays above the $0.5920 support zone.<\/li>\n<\/ul>\n
XRP Price Eyes Fresh Increase<\/h2>\n
XRP price remained stable above the $0.580 support zone. It traded as low as $0.5846 and recently started an upward move. There was a clear move above the $0.600 resistance zone, but it lagged momentum like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a move above the 50% Fib retracement level of the downward move from the $0.6257 swing high to the $0.5846 low. It is now trading near $0.6050 and the 100-hourly Simple Moving Average.<\/p>\n
If there are more upsides, the price could face resistance near the $0.6120 level. There is also a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP\/USD pair. The stated triangle resistance is close to the 61.8% Fib retracement level of the downward move from the $0.6257 swing high to the $0.5846 low.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first major resistance is near the $0.6250 level. The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6450 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
Another Decline?<\/h2>\n
If XRP fails to clear the $0.6120 resistance zone, it could start another decline. Initial support on the downside is near the $0.6020 level. The next major support is at $0.5920 and the triangle\u2019s trend line zone.<\/p>\n
If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.580 support in the near term. The next major support sits at $0.5650.<\/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 near the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5920 and $0.5800.<\/p>\n
Major Resistance Levels \u2013 $0.6120 and $0.6250.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is holding gains above the $0.5920 zone. The price could gain bullish momentum if it clears the $0.6120 resistance level. XRP price is consolidating gains below the $0.6120 resistance zone. The price is now trading near $0.6050 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5920 support zone. XRP Price Eyes Fresh Increase XRP price remained stable above the $0.580 support zone. It traded as low as $0.5846 and recently started an upward move. There was a clear move above the $0.600 resistance zone, but it lagged momentum like Bitcoin and Ethereum. There was a move above the 50% Fib retracement level of the downward move from the $0.6257 swing high to the $0.5846 low. It is now trading near $0.6050 and the 100-hourly Simple Moving Average. If there are more upsides, the price could face resistance near the $0.6120 level. There is also a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP\/USD pair. The stated triangle resistance is close to the 61.8% Fib retracement level of the downward move from the $0.6257 swing high to the $0.5846 low. The first major resistance is near the $0.6250 level. The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6450 resistance. The next major resistance is near the $0.6550 level. Any more gains might send the price toward the $0.680 resistance. Another Decline? If XRP fails to clear the $0.6120 resistance zone, it could start another decline. Initial support on the downside is near the $0.6020 level. The next major support is at $0.5920 and the triangle\u2019s trend line zone. If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.580 support in the near term. The next major support sits at $0.5650. 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 near the 50 level. Major Support Levels \u2013 $0.5920 and $0.5800. Major Resistance Levels \u2013 $0.6120 and $0.6250.<\/p>\n","protected":false},"author":67,"featured_media":631662,"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-631660","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 Positioned for a Surge: Is Another Rally on the Horizon?<\/title>\n<meta name=\"description\" content=\"XRP price is holding gains above the $0.5920 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 Positioned for a Surge: Is Another Rally on the Horizon?","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-surge-0-65\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-surge-0-65\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Surge.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/XRP-Surge.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":"2024-07-26T04:28:35Z","datePublished":"2024-07-26T04:28:35Z","dateModified":"2024-07-26T04:28:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Positioned for a Surge: Is Another Rally on the Horizon?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-surge-0-65\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-surge-0-65\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Surge.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Surge.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\":\"2024-07-26T04:28:35Z\",\"datePublished\":\"2024-07-26T04:28:35Z\",\"dateModified\":\"2024-07-26T04:28:35Z\"}<\/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-Surge.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631660","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=631660"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/631662"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=631660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=631660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=631660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}