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{"id":564943,"date":"2023-12-12T05:38:44","date_gmt":"2023-12-12T05:38:44","guid":{"rendered":"https:\/\/wncen.com\/?p=564943"},"modified":"2024-06-11T08:26:29","modified_gmt":"2024-06-11T08:26:29","slug":"xrp-price-strength-0-625","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-strength-0-625\/","title":{"rendered":"XRP Price Could Regain Strength If It Clears This Key Barrier"},"content":{"rendered":"

XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone.<\/em><\/p>\n

\n
XRP is slowly moving higher above the $0.612 level.<\/li>\n
The price is now trading below $0.625 and the 100 simple moving average (4 hours).<\/li>\n
There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels.<\/li>\n<\/ul>\n
XRP Price Aims Fresh Increase<\/h2>\n
After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair. The pair even declined below the $0.612 support. A low was formed near $0.6010, and the price is now attempting a fresh increase.<\/p>\n
There was a move above the $0.612 resistance. However, XRP is now trading below $0.625 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.7000 swing high to the $0.6010 swing low.<\/p>\n
The first major resistance is near the $0.628 zone. A close above the $0.628 resistance zone could spark a steady increase. The next key resistance is near $0.650 or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low.<\/p>\n
$\"XRP$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n
Another Decline?<\/h2>\n
If XRP fails to clear the $0.625 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.612 zone.<\/p>\n
The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.612, $0.600, and $0.572.<\/p>\n
Major Resistance Levels \u2013 $0.625, $0.628, and $0.650.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone. XRP is slowly moving higher above the $0.612 level. The price is now trading below $0.625 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels. XRP Price Aims Fresh Increase After a major increase, XRP faced sellers near the $0.700 zone. The bulls lost control and the price started a major decline below the $0.650 support, like Bitcoin and Ethereum. There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP\/USD pair. The pair even declined below the $0.612 support. A low was formed near $0.6010, and the price is now attempting a fresh increase. There was a move above the $0.612 resistance. However, XRP is now trading below $0.625 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.7000 swing high to the $0.6010 swing low. The first major resistance is near the $0.628 zone. A close above the $0.628 resistance zone could spark a steady increase. The next key resistance is near $0.650 or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance. Another Decline? If XRP fails to clear the $0.625 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.612 zone. The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.612, $0.600, and $0.572. Major Resistance Levels \u2013 $0.625, $0.628, and $0.650.<\/p>\n","protected":false},"author":67,"featured_media":460422,"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":[3680,74937,10972,78763],"class_list":["post-564943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Could Regain Strength If It Clears This Key Barrier<\/title>\n<meta name=\"description\" content=\"XRP price is eyeing a fresh increase from the $0.600 support. 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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 Key Barrier","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-strength-0-625\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-strength-0-625\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_135572795.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_135572795.jpg?fit=1000%2C667"},"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","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2023-12-12T05:38:44Z","datePublished":"2023-12-12T05:38:44Z","dateModified":"2024-06-11T08:26:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Could Regain Strength If It Clears This Key Barrier\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-strength-0-625\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-strength-0-625\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_135572795.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_135572795.jpg?fit=1000%2C667\"},\"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\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-12-12T05:38:44Z\",\"datePublished\":\"2023-12-12T05:38:44Z\",\"dateModified\":\"2024-06-11T08:26:29Z\"}<\/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\/04\/shutterstock_135572795.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/564943"}],"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=564943"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/564943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/460422"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=564943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=564943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=564943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}