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{"id":664120,"date":"2024-12-18T04:08:11","date_gmt":"2024-12-18T04:08:11","guid":{"rendered":"https:\/\/wncen.com\/?p=664120"},"modified":"2024-12-18T03:04:21","modified_gmt":"2024-12-18T03:04:21","slug":"xrp-price-steals-the-spotlight-2-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-steals-the-spotlight-2-50\/","title":{"rendered":"XRP Price Steals the Spotlight: Dips Look Increasingly Attractive"},"content":{"rendered":"

XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance.<\/em><\/p>\n

\n
XRP price started a fresh increase above the $2.50 zone.<\/li>\n
The price is now trading above $2.50 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might start another increase if it clears the $2.62 resistance.<\/li>\n<\/ul>\n
XRP Price Pops Above $2.50<\/h2>\n
XRP price started a decent upward move above the $2.50 level, beating Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $2.55 and $2.62 resistance levels.<\/p>\n
The price even spiked above $2.70 before the bears appeared. A high was formed at $2.7267 and the price is now consolidating gains. There was a minor decline below $2.620. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high.<\/p>\n
The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high.<\/p>\n
On the upside, the price might face resistance near the $2.58 level. The first major resistance is near the $2.620 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n
Are Dips Supported?<\/h2>\n
If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level and the trend line. The next major support is near the $2.440 level.<\/p>\n
If there is a downside break and a close below the $2.440 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.250 zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $2.520 and $2.440.<\/p>\n
Major Resistance Levels \u2013 $2.620 and $2.720.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance. XRP price started a fresh increase above the $2.50 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.62 resistance. XRP Price Pops Above $2.50 XRP price started a decent upward move above the $2.50 level, beating Bitcoin and Ethereum. There was a move above the $2.55 and $2.62 resistance levels. The price even spiked above $2.70 before the bears appeared. A high was formed at $2.7267 and the price is now consolidating gains. There was a minor decline below $2.620. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high. On the upside, the price might face resistance near the $2.58 level. The first major resistance is near the $2.620 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.20. Are Dips Supported? If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level and the trend line. The next major support is near the $2.440 level. If there is a downside break and a close below the $2.440 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.250 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 $2.520 and $2.440. Major Resistance Levels \u2013 $2.620 and $2.720.<\/p>\n","protected":false},"author":67,"featured_media":664122,"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-664120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Steals the Spotlight: Dips Look Increasingly Attractive<\/title>\n<meta name=\"description\" content=\"XRP price started a fresh increase above the $2.50 zone. 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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 Steals the Spotlight: Dips Look Increasingly Attractive","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-steals-the-spotlight-2-50\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-steals-the-spotlight-2-50\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Steals-Spotlight.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Steals-Spotlight.jpg?fit=1792%2C1024"},"articleSection":"XRP","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":"2024-12-18T04:08:11Z","datePublished":"2024-12-18T04:08:11Z","dateModified":"2024-12-18T04:08:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Steals the Spotlight: Dips Look Increasingly Attractive\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-steals-the-spotlight-2-50\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-steals-the-spotlight-2-50\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/XRP-Steals-Spotlight.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/XRP-Steals-Spotlight.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"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\":\"2024-12-18T04:08:11Z\",\"datePublished\":\"2024-12-18T04:08:11Z\",\"dateModified\":\"2024-12-18T04:08:11Z\"}<\/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\/2024\/12\/XRP-Steals-Spotlight.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/664120","targetHints":{"allow":["GET"]}}],"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=664120"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/664120\/revisions"}],"predecessor-version":[{"id":664123,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/664120\/revisions\/664123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/664122"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=664120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=664120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=664120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}