{"id":307,"date":"2024-10-09T05:00:21","date_gmt":"2024-10-09T05:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-coiling-for-a-leap-can-it-finally-break-through\/"},"modified":"2024-10-09T05:00:21","modified_gmt":"2024-10-09T05:00:21","slug":"xrp-price-coiling-for-a-leap-can-it-finally-break-through","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-coiling-for-a-leap-can-it-finally-break-through\/","title":{"rendered":"XRP Price Coiling for a Leap: Can It Finally Break Through?"},"content":{"rendered":"<p><em>XRP price is stuck in a tiny range below the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a fresh increase.<\/em><\/p>\n<ul>\n<li>XRP price is still stuck in a range above the $0.5080 support.<\/li>\n<li>The price is now trading near $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.5340 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 $0.5360 and $0.5450 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Fresh Surge<\/h2>\n<p>XRP price remained supported above the $0.5080 support level. The price started a consolidation phase above the $0.5120 level, unlike Bitcoin and Ethereum.<\/p>\n<p>There was a minor increase within a range and the price climbed above the $0.5250 resistance. There was a move above the $0.5320 level. However, the bears are active near the 50% Fib retracement level of the downward wave from the $0.5453 swing high to the $0.5211 low.<\/p>\n<p>The price is now trading near $0.5320 and the 100-hourly Simple Moving Average. If there is another increase, the price might face resistance near the $0.5340 level. There is also a connecting bearish trend line forming with resistance at $0.5340 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-647072 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_dce934.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The first major resistance is near the $0.5460 level or the 61.8% Fib retracement level of the downward wave from the $0.5453 swing high to the $0.5211 low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5800 resistance. 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 $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5200 level. The next major support is near the $0.5165 level.<\/p>\n<p>If there is a downside break and a close below the $0.5165 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 $0.5200 and $0.5165.<\/p>\n<p>Major Resistance Levels \u2013 $0.5360 and $0.5450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is stuck in a tiny range below the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a fresh increase. XRP price is still stuck in a range above the $0.5080 support. The price is now trading near $0.5320 and the 100-hourly Simple Moving Average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-307","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\/307","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=307"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/308"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}