{"id":1062,"date":"2024-11-04T06:00:20","date_gmt":"2024-11-04T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-resilient-above-0-50-while-markets-turn-red\/"},"modified":"2024-11-04T06:00:20","modified_gmt":"2024-11-04T06:00:20","slug":"xrp-price-resilient-above-0-50-while-markets-turn-red","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-resilient-above-0-50-while-markets-turn-red\/","title":{"rendered":"XRP Price Resilient Above $0.50 While Markets Turn Red"},"content":{"rendered":"<p><em>XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance.<\/em><\/p>\n<ul>\n<li>XRP price is eyeing a decent increase above the $0.5120 zone.<\/li>\n<li>The price is now trading below $0.5100 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it settles above the $0.5120 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Steady Increase<\/h2>\n<p>XRP price extended losses below the $0.5050 support zone. The price even declined below $0.5020 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum.<\/p>\n<p>A low was formed at $0.4921 and the price started a fresh increase. There was a move above the $0.4980 and $0.500 resistance levels. It cleared the 23.6% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low.<\/p>\n<p>Besides, there was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $0.5080 level or the 50% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. The first major resistance is near the $0.5120 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-651451 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/XRP_Price_567829.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The next key resistance could be $0.5160. A clear move above the $0.5160 resistance might send the price toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance or even $0.5350 in the near term. The next major hurdle might be $0.550.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5080 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level.<\/p>\n<p>If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4920 support in the near term. The next major support sits near the $0.4880 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5000 and $0.4950.<\/p>\n<p>Major Resistance Levels \u2013 $0.5080 and $0.5120.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance. XRP price is eyeing a decent increase above the $0.5120 zone. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-1062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1062"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1063"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}