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{"id":553856,"date":"2023-10-03T05:54:07","date_gmt":"2023-10-03T05:54:07","guid":{"rendered":"https:\/\/wncen.com\/?p=553856"},"modified":"2024-06-11T08:01:13","modified_gmt":"2024-06-11T08:01:13","slug":"xrp-price-prediction-0-55-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-prediction-0-55-2\/","title":{"rendered":"XRP Price Prediction \u2013 Why Bulls May Have A Chance For Fresh Bullish Streak?"},"content":{"rendered":"

Ripple\u2019s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50.<\/em><\/p>\n

\n
Ripple\u2019s token price is correcting gains from the 0.550 resistance against the US dollar.<\/li>\n
The price is now trading above $0.505 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels.<\/li>\n<\/ul>\n
Ripple\u2019s Token Price Holds Key Support<\/h2>\n
In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high.<\/p>\n
However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
$\"XRP$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance.<\/p>\n
More Losses in XRP?<\/h2>\n
If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours).<\/p>\n
The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.475 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.505, $0.500, and $0.490.<\/p>\n
Major Resistance Levels \u2013 $0.520, $0.532, and $0.550.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple\u2019s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50. Ripple\u2019s token price is correcting gains from the 0.550 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels. Ripple\u2019s Token Price Holds Key Support In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin and Ethereum. The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high. However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP\/USD pair. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance. More Losses in XRP? If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours). The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.475 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.505, $0.500, and $0.490. Major Resistance Levels \u2013 $0.520, $0.532, and $0.550.<\/p>\n","protected":false},"author":67,"featured_media":461827,"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-553856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Prediction \u2013 Why Bulls May Have A Chance For Fresh Bullish Streak?<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is correcting gains from $0.550 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 Prediction \u2013 Why Bulls May Have A Chance For Fresh Bullish Streak?","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-prediction-0-55-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-prediction-0-55-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1100038610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1100038610.jpg?fit=1827%2C1080"},"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","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2023-10-03T05:54:07Z","datePublished":"2023-10-03T05:54:07Z","dateModified":"2024-06-11T08:01:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Prediction \\u2013 Why Bulls May Have A Chance For Fresh Bullish Streak?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-prediction-0-55-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-prediction-0-55-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1100038610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1100038610.jpg?fit=1827%2C1080\"},\"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\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-10-03T05:54:07Z\",\"datePublished\":\"2023-10-03T05:54:07Z\",\"dateModified\":\"2024-06-11T08:01:13Z\"}<\/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\/04\/shutterstock_1100038610.jpg?fit=1827%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553856"}],"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=553856"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461827"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}