XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next key resistance could be $0.60. A clear move above the $0.60 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6160 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term.<\/p>\n
Another Decline?<\/h2>\n If XRP fails to clear the $0.5720 resistance zone, it could start another decline. Initial support on the downside is near the $0.5640 level. The next major support is at $0.5550.<\/p>\n
If there is a downside break and a close below the $0.5550 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.5120.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $0.5640 and $0.5550.<\/p>\n
Major Resistance Levels \u2013 $0.5720 and $0.5885.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price dropped toward the $0.5550 level before the bulls appeared. The price is now consolidating and might aim for a fresh increase above $0.580. XRP price started a consolidation phase after a drop toward the $0.5550 zone. 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 $0.5720 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.580 resistance zone. XRP Price Starts Consolidation XRP price extended losses below the $0.580 level like Bitcoin and Ethereum. The price even tested the $0.5550 zone. A low was formed at $0.5538 and the price recently started an upside correction. There was a move above the $0.5580 and $0.5620 levels. The price spiked above the 50% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. However, the bears remained active and protected more upsides above $0.5850. The price is still trading below $0.580 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5720 level. There is also a key bearish trend line forming with resistance at $0.5720 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $0.5885 level. It is close to the 76.4% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The next key resistance could be $0.60. A clear move above the $0.60 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6160 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term. Another Decline? If XRP fails to clear the $0.5720 resistance zone, it could start another decline. Initial support on the downside is near the $0.5640 level. The next major support is at $0.5550. If there is a downside break and a close below the $0.5550 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.5120. 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 below the 50 level. Major Support Levels \u2013 $0.5640 and $0.5550. Major Resistance Levels \u2013 $0.5720 and $0.5885.<\/p>\n","protected":false},"author":67,"featured_media":638461,"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-638459","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
XRP Bulls Target New Gains: Will They Achieve a Breakout?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n