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{"id":538659,"date":"2023-06-20T04:04:39","date_gmt":"2023-06-20T04:04:39","guid":{"rendered":"https:\/\/wncen.com\/?p=538659"},"modified":"2024-06-11T08:02:16","modified_gmt":"2024-06-11T08:02:16","slug":"xrp-price-strength-above-0-51","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-strength-above-0-51\/","title":{"rendered":"XRP Price Could Regain Strength If It Clears This Resistance"},"content":{"rendered":"

Ripple\u2019s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. XRP price could gain bullish momentum if it clears $0.51.<\/em><\/p>\n

\n
Ripple\u2019s token price is holding gains above the $0.480 resistance against the US dollar.<\/li>\n
The price is now trading below $0.51 and the 100 simple moving average (4 hours).<\/li>\n
There is a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might continue to rise if it clears the $0.50 and $0.51 resistance levels.<\/li>\n<\/ul>\n
Ripple\u2019s Token Price Aims Fresh INcrease<\/h2>\n
In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.565 resistance against the US Dollar. It dipped below the $0.525 support zone, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The price even spiked below the $0.480 support zone. A low was formed near $0.4550 and the price is now rising. There was a decent increase above the $0.4650 and $0.480 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n
XRP price is now trading below $0.510 and the 100 simple moving average (4 hours). There is also a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
Initial resistance on the upside is near the $0.500 zone. The first major resistance is near the $0.510 level and the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low.<\/p>\n
$\"XRP$ <\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
A successful break above the $0.51 resistance level might send the price toward the $0.525 resistance. Any more gains might call for a test of the $0.550 resistance.<\/p>\n
Fresh Decline in XRP?<\/h2>\n
If ripple fails to clear the $0.51 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 zone and the channel trend line.<\/p>\n
The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.425 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.480, $0.455, and $0.420.<\/p>\n
Major Resistance Levels \u2013 $0.500, $0.510, and $0.550.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple\u2019s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. XRP price could gain bullish momentum if it clears $0.51. Ripple\u2019s token price is holding gains above the $0.480 resistance against the US dollar. The price is now trading below $0.51 and the 100 simple moving average (4 hours). There is a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might continue to rise if it clears the $0.50 and $0.51 resistance levels. Ripple\u2019s Token Price Aims Fresh INcrease In the past few days, Ripple\u2019s XRP saw a downside correction from the $0.565 resistance against the US Dollar. It dipped below the $0.525 support zone, similar to Bitcoin and Ethereum. The price even spiked below the $0.480 support zone. A low was formed near $0.4550 and the price is now rising. There was a decent increase above the $0.4650 and $0.480 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low. XRP price is now trading below $0.510 and the 100 simple moving average (4 hours). There is also a rising channel forming with support near $0.480 on the 4-hour chart of the XRP\/USD pair. Initial resistance on the upside is near the $0.500 zone. The first major resistance is near the $0.510 level and the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $0.5650 swing high to the $0.4550 low. Source: XRPUSD on TradingView.com A successful break above the $0.51 resistance level might send the price toward the $0.525 resistance. Any more gains might call for a test of the $0.550 resistance. Fresh Decline in XRP? If ripple fails to clear the $0.51 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 zone and the channel trend line. The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.425 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.480, $0.455, and $0.420. Major Resistance Levels \u2013 $0.500, $0.510, and $0.550.<\/p>\n","protected":false},"author":67,"featured_media":438854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,74937,10972,83345,78763],"class_list":["post-538659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdc","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Could Regain Strength If It Clears This Resistance<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Could Regain Strength If It Clears This Resistance","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-strength-above-0-51\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-strength-above-0-51\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_775050742.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_775050742.jpg?fit=1152%2C768"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrpbtc","xrpusd","xrpusdc","xrpusdt"],"dateCreated":"2023-06-20T04:04:39Z","datePublished":"2023-06-20T04:04:39Z","dateModified":"2024-06-11T08:02:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Could Regain Strength If It Clears This Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-strength-above-0-51\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-strength-above-0-51\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_775050742.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_775050742.jpg?fit=1152%2C768\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrpbtc\",\"xrpusd\",\"xrpusdc\",\"xrpusdt\"],\"dateCreated\":\"2023-06-20T04:04:39Z\",\"datePublished\":\"2023-06-20T04:04:39Z\",\"dateModified\":\"2024-06-11T08:02:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_775050742.jpg?fit=1152%2C768","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538659"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=538659"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/438854"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=538659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=538659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=538659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}