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{"id":541227,"date":"2023-07-05T05:49:36","date_gmt":"2023-07-05T05:49:36","guid":{"rendered":"https:\/\/wncen.com\/?p=541227"},"modified":"2024-06-11T08:00:44","modified_gmt":"2024-06-11T08:00:44","slug":"xrp-price-could-regain-strength-0-496","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-could-regain-strength-0-496\/","title":{"rendered":"XRP Price Could Regain Strength Above This Key Resistance"},"content":{"rendered":"

Ripple\u2019s token price is moving higher from $0.4560 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.4960 resistance zone.<\/em><\/p>\n

\n
Ripple\u2019s token price is moving higher toward the $0.4960 resistance against the US dollar.<\/li>\n
The price is now trading above $0.48 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support near $0.4860 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 $0.4960 resistance in the near term.<\/li>\n<\/ul>\n
Ripple\u2019s Token Price Starts Fresh Increase<\/h2>\n
This past week, Ripple\u2019s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.500 support zone. The price even spiked below the $0.465 support.<\/p>\n
A low is formed near $0.4460 and the price is now rising, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.455 and $0.465 resistance levels. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low.<\/p>\n
XRP price is now trading above $0.480 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
Initial resistance on the upside is near the $0.4960 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. The next major resistance is near the $0.5050 level.<\/p>\n
$\"XRP$ <\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
A successful break above the $0.505 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 $0.496 resistance zone, it could start another decline. Initial support on the downside is near the $0.486 zone and the trend line.<\/p>\n
The next major support is near $0.476. If there is a downside break and a close below the $0.476 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.456 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 $0.485, $0.476, and $0.456.<\/p>\n
Major Resistance Levels \u2013 $0.496, $0.505, and $0.525.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple\u2019s token price is moving higher from $0.4560 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.4960 resistance zone. Ripple\u2019s token price is moving higher toward the $0.4960 resistance against the US dollar. The price is now trading above $0.48 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might continue to rise if it clears the $0.4960 resistance in the near term. Ripple\u2019s Token Price Starts Fresh Increase This past week, Ripple\u2019s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.500 support zone. The price even spiked below the $0.465 support. A low is formed near $0.4460 and the price is now rising, similar to Bitcoin and Ethereum. There was a move above the $0.455 and $0.465 resistance levels. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. XRP price is now trading above $0.480 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP\/USD pair. Initial resistance on the upside is near the $0.4960 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. The next major resistance is near the $0.5050 level. Source: XRPUSD on TradingView.com A successful break above the $0.505 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 $0.496 resistance zone, it could start another decline. Initial support on the downside is near the $0.486 zone and the trend line. The next major support is near $0.476. If there is a downside break and a close below the $0.476 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.456 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 $0.485, $0.476, and $0.456. Major Resistance Levels \u2013 $0.496, $0.505, and $0.525.<\/p>\n","protected":false},"author":67,"featured_media":458866,"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-541227","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 Above This Key Resistance<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is moving higher from $0.4560 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 Above This Key Resistance","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-could-regain-strength-0-496\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-could-regain-strength-0-496\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1724354728.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1724354728.jpg?fit=1366%2C683"},"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":"2023-07-05T05:49:36Z","datePublished":"2023-07-05T05:49:36Z","dateModified":"2024-06-11T08:00:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Could Regain Strength Above This Key Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-could-regain-strength-0-496\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-could-regain-strength-0-496\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1724354728.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1724354728.jpg?fit=1366%2C683\"},\"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\":\"2023-07-05T05:49:36Z\",\"datePublished\":\"2023-07-05T05:49:36Z\",\"dateModified\":\"2024-06-11T08:00:44Z\"}<\/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\/2021\/03\/shutterstock_1724354728.jpg?fit=1366%2C683","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541227"}],"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=541227"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/458866"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=541227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=541227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=541227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}