{"id":639706,"date":"2024-09-04T04:28:38","date_gmt":"2024-09-04T04:28:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=639706"},"modified":"2024-09-04T04:00:38","modified_gmt":"2024-09-04T04:00:38","slug":"xrp-price-shows-resilience-0-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-shows-resilience-0-60\/","title":{"rendered":"XRP Price Shows Resilience: Is a Bold Move Around the Corner?"},"content":{"rendered":"<p><em>XRP price extended losses and dived toward the $0.5320 support. The price remained well-bid and is currently attempting a fresh recovery above $0.550.<\/em><\/p>\n<ul>\n<li>XRP price started a decent increase from the $0.5330 zone.<\/li>\n<li>The price is now trading below $0.560 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a new connecting bearish trend line forming with resistance at $0.5570 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could climb higher toward the $0.600 zone if it clears the $0.5620 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Attempts Recovery<\/h2>\n<p>XRP price extended losses like <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-slips-56k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-downside-2300\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price even dived below the $0.5440 support level. It tested the $0.5330 zone. A low was formed at $0.5333 and the price is now attempting a fresh recovery wave.<\/p>\n<p>There was a move above the $0.5420 and $0.5440 resistance levels. The price was able to clear the 23.6% Fib retracement level of the downward move from the $0.5719 swing high to the $0.5333 low. It is also attempting a close above $0.5520.<\/p>\n<p>The price is now trading well below $0.5750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5550 level. The first major resistance is near the $0.5570 level. There is also a new connecting bearish trend line forming with resistance at $0.5570 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.5719 swing high to the $0.5333 low. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5850 resistance.<\/p>\n<figure id=\"attachment_639707\" aria-describedby=\"caption-attachment-639707\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-639707 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/XRP_Price_867342.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-639707\" 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 major resistance is near the $0.5920 level. Any more gains might send the price toward the $0.600 resistance or even $0.6060 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5570 resistance zone, it could start another decline. Initial support on the downside is near the $0.5480 level. The next major support is at $0.5420.<\/p>\n<p>If there is a downside break and a close below the $0.5420 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.520.<\/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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5420 and $0.5320.<\/p>\n<p>Major Resistance Levels \u2013 $0.5570 and $0.5720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price extended losses and dived toward the $0.5320 support. The price remained well-bid and is currently attempting a fresh recovery above $0.550. XRP price started a decent increase from the $0.5330 zone. The price is now trading below $0.560 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $0.5570 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could climb higher toward the $0.600 zone if it clears the $0.5620 resistance zone. XRP Price Attempts Recovery XRP price extended losses like Bitcoin and Ethereum. The price even dived below the $0.5440 support level. It tested the $0.5330 zone. A low was formed at $0.5333 and the price is now attempting a fresh recovery wave. There was a move above the $0.5420 and $0.5440 resistance levels. The price was able to clear the 23.6% Fib retracement level of the downward move from the $0.5719 swing high to the $0.5333 low. It is also attempting a close above $0.5520. The price is now trading well below $0.5750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5550 level. The first major resistance is near the $0.5570 level. There is also a new connecting bearish trend line forming with resistance at $0.5570 on the hourly chart of the XRP\/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.5719 swing high to the $0.5333 low. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5850 resistance. The next major resistance is near the $0.5920 level. Any more gains might send the price toward the $0.600 resistance or even $0.6060 in the near term. Another Decline? If XRP fails to clear the $0.5570 resistance zone, it could start another decline. Initial support on the downside is near the $0.5480 level. The next major support is at $0.5420. If there is a downside break and a close below the $0.5420 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.520. 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 $0.5420 and $0.5320. Major Resistance Levels \u2013 $0.5570 and $0.5720.<\/p>\n","protected":false},"author":67,"featured_media":639708,"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-639706","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 Shows Resilience: Is a Bold Move Around the Corner?<\/title>\n<meta name=\"description\" content=\"XRP price extended losses and dived toward the $0.5320 support. 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