{"id":220,"date":"2024-10-07T06:54:48","date_gmt":"2024-10-07T06:54:48","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-eyes-breakout-will-it-recover-lost-ground\/"},"modified":"2024-10-07T06:54:48","modified_gmt":"2024-10-07T06:54:48","slug":"xrp-price-eyes-breakout-will-it-recover-lost-ground","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-eyes-breakout-will-it-recover-lost-ground\/","title":{"rendered":"XRP Price Eyes Breakout: Will It Recover Lost Ground?"},"content":{"rendered":"<p><em>XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term.<\/em><\/p>\n<ul>\n<li>XRP price is still consolidating above the $0.5080 support.<\/li>\n<li>The price is now trading above $0.5250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish pace if it clears the $0.5450 and $0.5500 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Recovery<\/h2>\n<p>XRP price extended its decline below the $0.5350 level, underperforming Bitcoin and Ethereum. The price even declined heavily below the $0.5250 support zone.<\/p>\n<p>A low was formed at $0.5070 and the price is now consolidating losses. There was a minor move above the $0.5250 level. Recently, the price tested the 23.6% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low.<\/p>\n<p>The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5450 level. There is also a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-646607 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_f87d11.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><\/p>\n<p>The first major resistance is near the $0.5500 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.580 resistance. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5450 resistance zone, it could start another decline. Initial support on the downside is near the $0.5300 level. The next major support is near the $0.5250 level.<\/p>\n<p>If there is a downside break and a close below the $0.5250 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5080 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 $0.5250 and $0.5120.<\/p>\n<p>Major Resistance Levels \u2013 $0.5450 and $0.5500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term. XRP price is still consolidating above the $0.5080 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-220","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\/220","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=220"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/221"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}