{"id":662037,"date":"2024-12-13T04:08:13","date_gmt":"2024-12-13T04:08:13","guid":{"rendered":"https:\/\/wncen.com\/?p=662037"},"modified":"2024-12-13T03:59:54","modified_gmt":"2024-12-13T03:59:54","slug":"xrp-price-stage-bullish-2-40","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-stage-bullish-2-40\/","title":{"rendered":"XRP Price Sets Stage for Bullish Continuation: What\u2019s Next?"},"content":{"rendered":"<p><em>XRP price started a fresh increase above the $2.40 resistance zone. The price is now consolidating gains and might aim for a move above the $2.450 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh increase above the $2.35 zone.<\/li>\n<li>The price is now trading above $2.350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.45 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Another Increase<\/h2>\n<p>XRP price started a decent upward move above the $2.25 level, beating <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-struggles-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-aims-higher-4000\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move above the $2.32 and $2.40 resistance levels.<\/p>\n<p>The price even spiked above $2.45 before the bears appeared. A high was formed at $2.480 and the price is now consolidating gains. There was a minor decline below $2.40. The price tested the 23.6% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high.<\/p>\n<p>The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. There is also a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP\/USD pair.<\/p>\n<figure id=\"attachment_662038\" aria-describedby=\"caption-attachment-662038\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-662038\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_b34f03.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-662038\" 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>The first major resistance is near the $2.450 level. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.260 level.<\/p>\n<p>If there is a downside break and a close below the $2.260 level, the price might continue to decline toward the $2.180 support or the 50% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high. The next major support sits near the $2.120 zone.<\/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 $2.300 and $2.180.<\/p>\n<p>Major Resistance Levels \u2013 $2.450 and $2.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh increase above the $2.40 resistance zone. The price is now consolidating gains and might aim for a move above the $2.450 resistance zone. XRP price started a fresh increase above the $2.35 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.45 resistance. XRP Price Eyes Another Increase XRP price started a decent upward move above the $2.25 level, beating Bitcoin and Ethereum. There was a move above the $2.32 and $2.40 resistance levels. The price even spiked above $2.45 before the bears appeared. A high was formed at $2.480 and the price is now consolidating gains. There was a minor decline below $2.40. The price tested the 23.6% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. There is also a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $2.450 level. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880. Another Drop? If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.260 level. If there is a downside break and a close below the $2.260 level, the price might continue to decline toward the $2.180 support or the 50% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high. The next major support sits near the $2.120 zone. 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 $2.300 and $2.180. Major Resistance Levels \u2013 $2.450 and $2.50.<\/p>\n","protected":false},"author":67,"featured_media":650183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-662037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Sets Stage for Bullish Continuation: What\u2019s Next?<\/title>\n<meta name=\"description\" content=\"XRP price started a fresh increase above the $2.40 resistance zone. 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