{"id":645839,"date":"2024-10-02T04:08:21","date_gmt":"2024-10-02T04:08:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=645839"},"modified":"2024-10-02T03:17:17","modified_gmt":"2024-10-02T03:17:17","slug":"xrp-price-fights-0-6220","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-fights-0-6220\/","title":{"rendered":"XRP Price Fights to Regain Momentum: Will It Break Through??"},"content":{"rendered":"<p><em>XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.<\/em><\/p>\n<ul>\n<li>XRP price declined further below the $0.6120 zone.<\/li>\n<li>The price is now trading below $0.6250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.6220 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 $0.6220 and $0.6250 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Fresh Increase<\/h2>\n<p>XRP price extended its decline below the $0.6320 level like <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-falls-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-losses-2420\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price even declined below the $0.6000 support zone.<\/p>\n<p>A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low.<\/p>\n<p>The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The first major resistance is near the $0.6250 level.<\/p>\n<figure id=\"attachment_645840\" aria-describedby=\"caption-attachment-645840\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-645840 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/XRP_Price_9c5656.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-645840\" 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 $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level.<\/p>\n<p>If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone.<\/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 $0.5920 and $0.5780.<\/p>\n<p>Major Resistance Levels \u2013 $0.6220 and $0.6250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620. XRP price declined further below the $0.6120 zone. The price is now trading below $0.6250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels. XRP Price Eyes Fresh Increase XRP price extended its decline below the $0.6320 level like Bitcoin and Ethereum. The price even declined below the $0.6000 support zone. A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 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 $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term. More Losses? If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level. If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone. 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 $0.5920 and $0.5780. Major Resistance Levels \u2013 $0.6220 and $0.6250.<\/p>\n","protected":false},"author":67,"featured_media":645841,"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-645839","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 Fights to Regain Momentum: Will It Break Through??<\/title>\n<meta name=\"description\" content=\"XRP price extended losses and tested the $0.5785 support level. 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