{"id":1602,"date":"2024-12-03T06:00:26","date_gmt":"2024-12-03T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-defies-the-odds-can-it-smash-through-3\/"},"modified":"2024-12-03T06:00:26","modified_gmt":"2024-12-03T06:00:26","slug":"xrp-price-defies-the-odds-can-it-smash-through-3","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-defies-the-odds-can-it-smash-through-3\/","title":{"rendered":"XRP Price Defies The Odds \u2013 Can It Smash Through $3?"},"content":{"rendered":"<p><em>XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level.<\/em><\/p>\n<ul>\n<li>XRP price is eyeing a fresh increase above the $2.80 resistance zone.<\/li>\n<li>The price is now trading above $2.50 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to accelerate if it clears the $2.75 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Extends Surge Above $2.50<\/h2>\n<p>XRP price accelerated higher after it settled above the $2.00 level. It cleared many hurdles near $2.25, beating Bitcoin and like Ethereum. There was a move above the $2.50 and $2.65 resistance levels.<\/p>\n<p>It is up over 50% and there was a move above the $2.80 level. A high was formed at $2.869 and the price is now consolidating gains. It dipped some points and tested the $2.70 level. There was a move below the 2.36% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high.<\/p>\n<p>The price is now trading above $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.720 level. There is also a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-656393\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/XRP_Price_27550a.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The first major resistance is near the $2.750 level. The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n<h2>Are Dips Supported?<\/h2>\n<p>If XRP fails to clear the $2.720 resistance zone, it could start a downside correction. Initial support on the downside is near the $2.650 level. The next major support is near the $2.520 level or the 50% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high.<\/p>\n<p>If there is a downside break and a close below the $2.520 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.30 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 $2.5200 and $2.4500.<\/p>\n<p>Major Resistance Levels \u2013 $2.7200 and $2.8500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level. XRP price is eyeing a fresh increase above the $2.80 resistance zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-1602","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\/1602","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=1602"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1603"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}