{"id":934,"date":"2024-10-28T06:00:22","date_gmt":"2024-10-28T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-holds-steady-in-consolidation-is-a-shift-coming\/"},"modified":"2024-10-28T06:00:22","modified_gmt":"2024-10-28T06:00:22","slug":"xrp-price-holds-steady-in-consolidation-is-a-shift-coming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-holds-steady-in-consolidation-is-a-shift-coming\/","title":{"rendered":"XRP Price Holds Steady in Consolidation: Is a Shift Coming?"},"content":{"rendered":"<p><em>XRP price is attempting a recovery wave from the $0.4880 zone. The price must clear the $0.5200 and $0.5320 resistance levels to start a decent increase.<\/em><\/p>\n<ul>\n<li>XRP price is correcting losses from the $0.4880 zone.<\/li>\n<li>The price is now trading below $0.5220 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $0.5150 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 $0.5220 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Struggles To Gain Pace<\/h2>\n<p>XRP price remained in a bearish zone and extended losses below $0.5200, like Bitcoin and Ethereum. There was a move below the $0.5050 and $0.5000 levels.<\/p>\n<p>The price even dipped below $0.4950 and tested $0.4880. A low was at $0.4867 and the price is now attempting to recover losses. There was a move above the 50% Fib retracement level of the downward wave from the $0.5233 swing high to the $0.4867 low.<\/p>\n<p>There was a break above a short-term bearish trend line with resistance at $0.5150 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.5220 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $0.5200 level. The first major resistance is near the $0.5220 level or the 76.4% Fib retracement level of the downward wave from the $0.5233 swing high to the $0.4867 low. The next key resistance could be $0.5320.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-650182 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_988ba0.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $0.5320 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $0.5220 resistance zone, it could start another decline. Initial support on the downside is near the $0.5100 level. The next major support is near the $0.5050 level.<\/p>\n<p>If there is a downside break and a close below the $0.5050 level, the price might continue to decline toward the $0.5000 support in the near term. The next major support sits near the $0.4880 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.5050 and $0.5000.<\/p>\n<p>Major Resistance Levels \u2013 $0.5220 and $0.5320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is attempting a recovery wave from the $0.4880 zone. The price must clear the $0.5200 and $0.5320 resistance levels to start a decent increase. XRP price is correcting losses from the $0.4880 zone. The price is now trading below $0.5220 and the 100-hourly Simple Moving Average. There was a break above a short-term&hellip;<\/p>\n","protected":false},"author":1,"featured_media":935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-934","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\/934","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=934"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/935"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}