{"id":611317,"date":"2024-06-04T03:08:22","date_gmt":"2024-06-04T03:08:22","guid":{"rendered":"https:\/\/wncen.com\/?p=611317"},"modified":"2024-06-11T07:45:19","modified_gmt":"2024-06-11T07:45:19","slug":"xrp-price-recover-0-5250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-recover-0-5250\/","title":{"rendered":"Can XRP Price Recover? Analyzing the Potential for a Rebound"},"content":{"rendered":"<p><em>XRP price is slowly moving higher from the $0.5080 zone. It could gain bullish momentum if there is a move above the $0.5250 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP is attempting a fresh increase above the $0.5120 zone.<\/li>\n<li>The price is now trading above $0.5150 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a decent increase if there is a clear move above $0.5250.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Recovery<\/h2>\n<p>XRP price extended losses below the $0.5120 level like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-gains-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-signals-bearish-3840\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price tested the $0.5080 zone and recently started a decent recovery wave.<\/p>\n<p>The price was able to clear the $0.5120 and $0.5150 resistance levels. There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP\/USD pair. The pair cleared the 23.6% Fib retracement level of the downward move from the $0.5400 swing high to the $0.5080 low.<\/p>\n<p>The price is now trading above $0.5150 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5220 level.<\/p>\n<p>The first key resistance is near $0.5250 or the 50% Fib retracement level of the downward move from the $0.5400 swing high to the $0.5080 low. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320.<\/p>\n<figure id=\"attachment_611318\" aria-describedby=\"caption-attachment-611318\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-611318 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_609b03.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-611318\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If there is a close above the $0.5320 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance.<\/p>\n<h2>Another Decline?<\/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 $0.5160 level.<\/p>\n<p>The next major support is at $0.5080. If there is a downside break and a close below the $0.5080 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5160 and $0.5080.<\/p>\n<p>Major Resistance Levels \u2013 $0.5220 and $0.5250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is slowly moving higher from the $0.5080 zone. It could gain bullish momentum if there is a move above the $0.5250 resistance zone. XRP is attempting a fresh increase above the $0.5120 zone. The price is now trading above $0.5150 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a decent increase if there is a clear move above $0.5250. XRP Price Eyes Recovery XRP price extended losses below the $0.5120 level like Bitcoin and Ethereum. The price tested the $0.5080 zone and recently started a decent recovery wave. The price was able to clear the $0.5120 and $0.5150 resistance levels. There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP\/USD pair. The pair cleared the 23.6% Fib retracement level of the downward move from the $0.5400 swing high to the $0.5080 low. The price is now trading above $0.5150 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5220 level. The first key resistance is near $0.5250 or the 50% Fib retracement level of the downward move from the $0.5400 swing high to the $0.5080 low. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320. If there is a close above the $0.5320 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance. Another Decline? If XRP fails to clear the $0.5250 resistance zone, it could start another decline. Initial support on the downside is near the $0.5160 level. The next major support is at $0.5080. If there is a downside break and a close below the $0.5080 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.5160 and $0.5080. Major Resistance Levels \u2013 $0.5220 and $0.5250.<\/p>\n","protected":false},"author":67,"featured_media":611319,"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-611317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Can XRP Price Recover? Analyzing the Potential for a Rebound<\/title>\n<meta name=\"description\" content=\"XRP price is slowly moving higher from the $0.5080 zone. 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