{"id":1657,"date":"2024-12-06T06:00:24","date_gmt":"2024-12-06T06:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-steadies-above-support-preparing-for-the-next-move\/"},"modified":"2024-12-06T06:00:24","modified_gmt":"2024-12-06T06:00:24","slug":"xrp-price-steadies-above-support-preparing-for-the-next-move","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-steadies-above-support-preparing-for-the-next-move\/","title":{"rendered":"XRP Price Steadies Above Support: Preparing for the Next Move?"},"content":{"rendered":"<p><em>XRP price remained in a range below the $2.50 zone. The price is consolidating above $2.150 and might aim for a fresh increase above the $2.40 level.<\/em><\/p>\n<ul>\n<li>XRP price started another decline and traded below the $2.40 level.<\/li>\n<li>The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $2.38 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.40 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Consolidates above Support<\/h2>\n<p>XRP price started another decline after it failed to surpass the $2.50 resistance zone unlike Bitcoin and Ethereum. There was a move below the $2.40 and $2.30 levels.<\/p>\n<p>However, the bulls remained active above the last low and support at $2.15. The price is now moving higher and trading above $2.20. It is testing the 23.6% Fib retracement level of the recent drop from the $2.866 swing high to the $2.166 low.<\/p>\n<p>The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.35 level. There is also a key bearish trend line forming with resistance at $2.38 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The first major resistance is near the $2.40 level. The next resistance is at $2.50. It is close to the 50% Fib retracement level of the recent drop from the $2.866 swing high to the $2.166 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-658173\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/XRP_Price_69e09c.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $2.50 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.70 resistance or even $2.850 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.380 resistance zone, it could start another decline. Initial support on the downside is near the $2.200 level. The next major support is near the $2.150 level.<\/p>\n<p>If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.050 support and the trend line. The next major support sits near the $2.00 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 $2.2000 and $2.1500.<\/p>\n<p>Major Resistance Levels \u2013 $2.3800 and $2.5000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price remained in a range below the $2.50 zone. The price is consolidating above $2.150 and might aim for a fresh increase above the $2.40 level. XRP price started another decline and traded below the $2.40 level. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a key&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-1657","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\/1657","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=1657"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1658"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}