{"id":635078,"date":"2024-08-13T04:28:54","date_gmt":"2024-08-13T04:28:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=635078"},"modified":"2024-08-13T03:24:49","modified_gmt":"2024-08-13T03:24:49","slug":"xrp-price-struggles-0-580","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-struggles-0-580\/","title":{"rendered":"XRP Price Struggles at Resistance: Will Bulls Power a Fresh Upsurge?"},"content":{"rendered":"<p><em>XRP price is consolidating above the $0.5450 support. The price must clear the $0.5800 resistance to start a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>XRP price is attempting a fresh increase above the $0.5650 level.<\/li>\n<li>The price is now trading below $0.580 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $0.580 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Breakout<\/h2>\n<p>XRP price extended losses and even spiked below the $0.550 support zone. It tested the $0.5450 level. A low is formed at $0.5457 and the price is now attempting a fresh increase, like <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-upside-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-strength-bitcoin-2720\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move above the $0.5550 and $0.5600 levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low. However, the bears are active near the $0.580 resistance zone.<\/p>\n<p>There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.570 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price is facing hurdles near the $0.570 level. The first major resistance is near the $0.580 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low.<\/p>\n<figure id=\"attachment_635079\" aria-describedby=\"caption-attachment-635079\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-635079 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP_Price_8f62b3.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-635079\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6200 level. Any more gains might send the price toward the $0.6320 resistance or even $0.650 in the near term.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $0.580 resistance zone, it could start another decline. Initial support on the downside is near the $0.5580 level. The next major support is at $0.5450.<\/p>\n<p>If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5320 support. The next major support sits at $0.5250.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5580 and $0.5450.<\/p>\n<p>Major Resistance Levels \u2013 $0.5700 and $0.5800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is consolidating above the $0.5450 support. The price must clear the $0.5800 resistance to start a fresh increase in the near term. XRP price is attempting a fresh increase above the $0.5650 level. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Eyes Breakout XRP price extended losses and even spiked below the $0.550 support zone. It tested the $0.5450 level. A low is formed at $0.5457 and the price is now attempting a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.5550 and $0.5600 levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low. However, the bears are active near the $0.580 resistance zone. There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.570 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $0.570 level. The first major resistance is near the $0.580 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6200 level. Any more gains might send the price toward the $0.6320 resistance or even $0.650 in the near term. Another Drop? If XRP fails to clear the $0.580 resistance zone, it could start another decline. Initial support on the downside is near the $0.5580 level. The next major support is at $0.5450. If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5320 support. The next major support sits at $0.5250. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now near the 50 level. Major Support Levels \u2013 $0.5580 and $0.5450. Major Resistance Levels \u2013 $0.5700 and $0.5800.<\/p>\n","protected":false},"author":67,"featured_media":635080,"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-635078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Struggles at Resistance: Will Bulls Power a Fresh Upsurge?<\/title>\n<meta name=\"description\" content=\"XRP price is consolidating above the $0.5450 support. 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