XRP Price Retreats After Massive 80% Rally, Buy The Dips?<\/title>\n<meta name=\"description\" content=\"XRP price rallied over 80% after the court\u2019s ruling and jumped above $0.80 against the US Dollar. It tested the $0.95 zone and is currently correcting gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-retreats-rally-0-95\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Retreats After Massive 80% Rally, Buy The Dips?\" \/>\n<meta property=\"og:description\" content=\"XRP price rallied over 80% after the court\u2019s ruling and jumped above $0.80 against the US Dollar. 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{"id":542640,"date":"2023-07-14T04:18:58","date_gmt":"2023-07-14T04:18:58","guid":{"rendered":"https:\/\/wncen.com\/?p=542640"},"modified":"2024-06-11T08:02:11","modified_gmt":"2024-06-11T08:02:11","slug":"xrp-price-retreats-rally-0-95","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-retreats-rally-0-95\/","title":{"rendered":"XRP Price Retreats After Massive 80% Rally, Buy The Dips?"},"content":{"rendered":"

XRP price rallied over 80% after the court\u2019s ruling and jumped above $0.80 against the US Dollar. It tested the $0.95 zone and is currently correcting gains.<\/em><\/p>\n

\n
Ripple\u2019s token price surged above the $0.65 and $0.80 resistance levels against the US dollar.<\/li>\n
It is trading well above $0.5000 and the 100-day simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is currently correcting gains but the bulls might be active near $0.70.<\/li>\n<\/ul>\n
Ripple\u2019s XRP Price Surges Over 80%<\/h2>\n
After the court\u2019s verdict in favor of Ripple, XRP saw a monster rally above the $0.45 resistance. It broke many hurdles near $0.50, dragging Bitcoin<\/a> and Ethereum<\/a> high as well.<\/p>\n
There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP\/USD pair. It opened the doors for a strong increase above the $0.65 resistance. The price gained over 80% and even spiked toward the $0.95 level.<\/p>\n
A high is formed near $0.9479 and the price is now correcting gains. It is trading below the 23.6% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high.<\/p>\n
XRP is still well above $0.5000 and the 100-day simple moving average. Immediate resistance is near the $0.85 level. The first major resistance is seen near the $0.92 level, above which the price might revisit the $0.95 resistance zone.<\/p>\n
$\"XRP$ <\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
The main barrier could be near the $1 level. A clear break above the $1 resistance could open the doors for a sharp increase toward the $1.10 resistance. The next major resistance above the $1.10 level could be near the $1.20 level.<\/p>\n
Are Dips Supported?<\/h2>\n
If XRP fails to clear the $0.850 resistance, it could continue to move down. Initial support on the downside is near the $0.750 level.<\/p>\n
The first major support could be near the $0.70 level or the 50% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high. If the price fails to stay above $0.70, it could start another major decline toward $0.55.<\/p>\n
Technical Indicators<\/p>\n
Daily MACD \u2013 The MACD for XRP\/USD is now losing momentum in the bullish zone.<\/p>\n
Daily RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is in the overbought zone.<\/p>\n
Major Support Levels \u2013 $0.7500, $0.7000 and $0.6500.<\/p>\n
Major Resistance Levels \u2013 $0.8500, $0.9200 and $0.9500.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price rallied over 80% after the court\u2019s ruling and jumped above $0.80 against the US Dollar. It tested the $0.95 zone and is currently correcting gains. Ripple\u2019s token price surged above the $0.65 and $0.80 resistance levels against the US dollar. It is trading well above $0.5000 and the 100-day simple moving average. There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP\/USD pair (data source from Kraken). The pair is currently correcting gains but the bulls might be active near $0.70. Ripple\u2019s XRP Price Surges Over 80% After the court\u2019s verdict in favor of Ripple, XRP saw a monster rally above the $0.45 resistance. It broke many hurdles near $0.50, dragging Bitcoin and Ethereum high as well. There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP\/USD pair. It opened the doors for a strong increase above the $0.65 resistance. The price gained over 80% and even spiked toward the $0.95 level. A high is formed near $0.9479 and the price is now correcting gains. It is trading below the 23.6% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high. XRP is still well above $0.5000 and the 100-day simple moving average. Immediate resistance is near the $0.85 level. The first major resistance is seen near the $0.92 level, above which the price might revisit the $0.95 resistance zone. Source: XRPUSD on TradingView.com The main barrier could be near the $1 level. A clear break above the $1 resistance could open the doors for a sharp increase toward the $1.10 resistance. The next major resistance above the $1.10 level could be near the $1.20 level. Are Dips Supported? If XRP fails to clear the $0.850 resistance, it could continue to move down. Initial support on the downside is near the $0.750 level. The first major support could be near the $0.70 level or the 50% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high. If the price fails to stay above $0.70, it could start another major decline toward $0.55. Technical Indicators Daily MACD \u2013 The MACD for XRP\/USD is now losing momentum in the bullish zone. Daily RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is in the overbought zone. Major Support Levels \u2013 $0.7500, $0.7000 and $0.6500. Major Resistance Levels \u2013 $0.8500, $0.9200 and $0.9500.<\/p>\n","protected":false},"author":67,"featured_media":456055,"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":[3680,4531,74937,10972,83345,78763],"class_list":["post-542640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdc","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Retreats After Massive 80% Rally, Buy The Dips?<\/title>\n<meta name=\"description\" content=\"XRP price rallied over 80% after the court\u2019s ruling and jumped above $0.80 against the US Dollar. 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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 Retreats After Massive 80% Rally, Buy The Dips?","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-retreats-rally-0-95\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-retreats-rally-0-95\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545"},"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","xrp","xrpbtc","xrpusd","xrpusdc","xrpusdt"],"dateCreated":"2023-07-14T04:18:58Z","datePublished":"2023-07-14T04:18:58Z","dateModified":"2024-06-11T08:02:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Retreats After Massive 80% Rally, Buy The Dips?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-retreats-rally-0-95\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-retreats-rally-0-95\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545\"},\"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\",\"xrp\",\"xrpbtc\",\"xrpusd\",\"xrpusdc\",\"xrpusdt\"],\"dateCreated\":\"2023-07-14T04:18:58Z\",\"datePublished\":\"2023-07-14T04:18:58Z\",\"dateModified\":\"2024-06-11T08:02:11Z\"}<\/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\/2021\/02\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/542640"}],"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=542640"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/542640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456055"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=542640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=542640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=542640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}