{"id":264,"date":"2024-10-08T05:00:20","date_gmt":"2024-10-08T05:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-struggle-continues-can-bulls-turn-it-around\/"},"modified":"2024-10-08T05:00:20","modified_gmt":"2024-10-08T05:00:20","slug":"xrp-price-struggle-continues-can-bulls-turn-it-around","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-struggle-continues-can-bulls-turn-it-around\/","title":{"rendered":"XRP Price Struggle Continues: Can Bulls Turn It Around?"},"content":{"rendered":"<p><em>XRP price is struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase.<\/em><\/p>\n<ul>\n<li>XRP price is still consolidating above the $0.5080 support.<\/li>\n<li>The price is now trading near $0.5250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Upside Break<\/h2>\n<p>XRP price remained well-bid above the $0.5080 support level, unlike Bitcoin and Ethereum. The price started a slow upward move above the $0.5220 and $0.5320 resistance levels.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP\/USD pair. However, the bears were active near the $0.5450 resistance level. They protected 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 near $0.5250 and the 100-hourly Simple Moving Average. If there is another increase, the price might face resistance near the $0.5350 level. The first major resistance is near the $0.5450 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-646847 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_cce280.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The next key resistance could be $0.5500. A clear move above the $0.5500 resistance might send the price toward the $0.5850 resistance. It is close to the 50% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term. The next major hurdle might be $0.6250.<\/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 $0.5220 level. The next major support is near the $0.5150 level.<\/p>\n<p>If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 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 struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase. XRP price is still consolidating above the $0.5080 support. The price is now trading near $0.5250 and the 100-hourly Simple Moving Average. There was a break above a key bearish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-264","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\/264","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=264"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/265"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}