{"id":990,"date":"2024-10-31T06:00:22","date_gmt":"2024-10-31T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-faces-support-test-is-a-rebound-on-the-horizon\/"},"modified":"2024-10-31T06:00:22","modified_gmt":"2024-10-31T06:00:22","slug":"xrp-price-faces-support-test-is-a-rebound-on-the-horizon","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-faces-support-test-is-a-rebound-on-the-horizon\/","title":{"rendered":"XRP Price Faces Support Test: Is a Rebound on The Horizon?"},"content":{"rendered":"<p><em>XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase.<\/em><\/p>\n<ul>\n<li>XRP price is eyeing more gains above the $0.5300 zone.<\/li>\n<li>The price is now trading above $0.5200 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it settles above the $0.5300 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Revisits Support<\/h2>\n<p>XRP price started a decent upward move above the $0.5150 zone. There was a move above the $0.520 resistance but it lagged Bitcoin and Ethereum. The bulls were able to push the price above the $0.5250 resistance.<\/p>\n<p>The price traded as high as $0.5307 and is currently correcting gains. There was a drop below the $0.5265 level. The price dipped below the 50% Fib retracement level of the upward wave from the $0.5111 swing low to the $0.5307 high.<\/p>\n<p>The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-650817 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/XRP_Price_384cb7.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>On the upside, the price might face resistance near the $0.5250 level. The first major resistance is near the $0.5300 level. The next key resistance could be $0.5320. A clear move above the $0.5320 resistance might send the price toward the $0.5450 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5850 in the near term. The next major hurdle might be $0.6000.<\/p>\n<h2>Downside Break?<\/h2>\n<p>If XRP fails to clear the $0.5250 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 $0.5185 level and the 61.8% Fib retracement level of the upward wave from the $0.5111 swing low to the $0.5307 high.<\/p>\n<p>If there is a downside break and a close below the $0.5185 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 losing pace in the bullish 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 $0.5200 and $0.5185.<\/p>\n<p>Major Resistance Levels \u2013 $0.5250 and $0.5300.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase. XRP price is eyeing more gains above the $0.5300 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a key bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-990","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\/990","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=990"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/991"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}