XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA clear move above the $3.150 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450.<\/p>\n
Another Decline?<\/h2>\n If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level.<\/p>\n
If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 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 $3.00 and $2.950.<\/p>\n
Major Resistance Levels \u2013 $3.100 and $3.120.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a fresh decline below the $3.00 zone. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might struggle to clear the $3.10 and $3.12 resistance levels. XRP Price Dips Further Before Rebound XRP price struggled to continue higher above the $3.050 resistance and reacted to the downside, like Bitcoin and Ethereum. The price dipped below the $3.00 and $2.80 support levels. The pair even spiked below the $2.720 support. A low was formed at $2.6562 and the price is now correcting losses. There was a sharp increase above the $2.80 and $2.85 levels. The price cleared the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP\/USD pair. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.10 level or the 76.4% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. The first major resistance is near the $3.120 level. The next resistance is $3.150. A clear move above the $3.150 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450. Another Decline? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 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 $3.00 and $2.950. Major Resistance Levels \u2013 $3.100 and $3.120.<\/p>\n","protected":false},"author":67,"featured_media":684491,"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-684489","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
XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n