{"id":629620,"date":"2024-07-13T14:30:59","date_gmt":"2024-07-13T14:30:59","guid":{"rendered":"https:\/\/wncen.com\/?p=629620"},"modified":"2024-07-13T09:23:39","modified_gmt":"2024-07-13T09:23:39","slug":"xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level\/","title":{"rendered":"XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level"},"content":{"rendered":"

Recently, the price of XRP with a bullish momentum has made a significant surge above the $0.4663 resistance mark. This upside movement has jarred up optimism among investors and market analysts, leading to speculation about whether the next anticipated target of $0.5724 is within reach.\u00a0<\/span><\/p>\n

As XRP continues to gain pace, this article delves into providing an in-depth analysis of<\/span> XRP’s current price<\/span><\/a> action and analyzes technical indicators to answer the question of whether this rally can sustain its momentum and achieve new heights or if a correction is imminent.<\/span><\/p>\n

With a market capitalization of more than $28 billion and a trading volume of more than $2 billion as of the time of writing, the price of XRP is currently up by 11.55%, trading at around $0.5088 in the last 24 hours. Its market cap and trading volume are currently up by 11.60% and 73.65% respectively.<\/span><\/p>\n

XRP Breakthrough At $0.466: Analyzing The Surge<\/strong><\/h2>\n

On the 4-hour chart, the price of XRP has actively risen with strong momentum above the 100-day Simple Moving Average (SMA) and the $0.4663 resistance level. Additionally, it can be observed that the cryptocurrency asset is currently making a bullish move toward the $0.5724 mark.<\/span><\/p>\n

\"XRP\"
Source: XRPUSDT on Tradingview.com<\/figcaption><\/figure>\n

The formation of the 4-hour Relative Strength Index (RSI) also suggests that XRP’s price may extend its bullish move toward the $0.5724 resistance level as the signal line of the indicator has been maintaining a steady movement above 50% and is currently trending inside the overbought zone.<\/span><\/p>\n

On the 1-day chart, it can be observed that the crypto asset has been on a bullish move since after the failure to close below the $0.4088 support level successfully and is currently attempting to move above the 100-day SMA toward the $0.5724 resistance level.<\/span><\/p>\n

\"XRP\"
Source: XRPUSDT on Tradingview.com<\/figcaption><\/figure>\n

Lastly, an analytical examination of the formation of the 1-day RSI reveals that XRP could sustain its bullish <\/span>rally<\/span><\/a> toward the $0.4233 resistance mark as the signal line of the indicator has risen above 50% and is heading for the overbought zone.<\/span><\/p>\n

Potential Risks And Resistance Levels Ahead<\/strong><\/h2>\n

If XRP can maintain its current bullish momentum<\/a> to reach the $0.5724 resistance level and close above, it may continue to move upward to challenge the $0.6697 resistance level. If this level is breached, the digital asset may experience further price gain toward the $0.7342 resistance level and possibly other levels above.<\/span><\/p>\n

Conversely, should XRP pull back at $0.5724, it will start to decline once more toward the $0.3389 support level. Furthermore, the crypto asset may see further price decline to challenge the $0.3483 support level and perhaps other levels below if this level is broken.<\/span><\/p>\n

\"XRP\"
XRP trading at $0.5110 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Recently, the price of XRP with a bullish momentum has made a significant surge above the $0.4663 resistance mark. This upside movement has jarred up optimism among investors and market analysts, leading to speculation about whether the next anticipated target of $0.5724 is within reach.\u00a0 As XRP continues to gain pace, this article delves into providing an in-depth analysis of XRP’s current price action and analyzes technical indicators to answer the question of whether this rally can sustain its momentum and achieve new heights or if a correction is imminent. With a market capitalization of more than $28 billion and a trading volume of more than $2 billion as of the time of writing, the price of XRP is currently up by 11.55%, trading at around $0.5088 in the last 24 hours. Its market cap and trading volume are currently up by 11.60% and 73.65% respectively. XRP Breakthrough At $0.466: Analyzing The Surge On the 4-hour chart, the price of XRP has actively risen with strong momentum above the 100-day Simple Moving Average (SMA) and the $0.4663 resistance level. Additionally, it can be observed that the cryptocurrency asset is currently making a bullish move toward the $0.5724 mark. The formation of the 4-hour Relative Strength Index (RSI) also suggests that XRP’s price may extend its bullish move toward the $0.5724 resistance level as the signal line of the indicator has been maintaining a steady movement above 50% and is currently trending inside the overbought zone. On the 1-day chart, it can be observed that the crypto asset has been on a bullish move since after the failure to close below the $0.4088 support level successfully and is currently attempting to move above the 100-day SMA toward the $0.5724 resistance level. Lastly, an analytical examination of the formation of the 1-day RSI reveals that XRP could sustain its bullish rally toward the $0.4233 resistance mark as the signal line of the indicator has risen above 50% and is heading for the overbought zone. Potential Risks And Resistance Levels Ahead If XRP can maintain its current bullish momentum to reach the $0.5724 resistance level and close above, it may continue to move upward to challenge the $0.6697 resistance level. If this level is breached, the digital asset may experience further price gain toward the $0.7342 resistance level and possibly other levels above. Conversely, should XRP pull back at $0.5724, it will start to decline once more toward the $0.3389 support level. Furthermore, the crypto asset may see further price decline to challenge the $0.3483 support level and perhaps other levels below if this level is broken. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":629621,"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":[16393,14763,91599,85676,4531,10972,78763],"class_list":["post-629620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level<\/title>\n<meta name=\"description\" content=\"Recently, the price of XRP with a bullish momentum has made a significant surge above the $0.4663 resistance mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/XRP-from-Adobe-Stock.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/XRP-from-Adobe-Stock.jpg?fit=591%2C360"},"articleSection":"XRP","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["relative strength index","rsi","simple moving average","sma","xrp","xrpusd","xrpusdt"],"dateCreated":"2024-07-13T14:30:59Z","datePublished":"2024-07-13T14:30:59Z","dateModified":"2024-07-13T14:30:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-resilience-sparks-further-gains-as-price-surpasses-0-466-level\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-from-Adobe-Stock.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-from-Adobe-Stock.jpg?fit=591%2C360\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-07-13T14:30:59Z\",\"datePublished\":\"2024-07-13T14:30:59Z\",\"dateModified\":\"2024-07-13T14:30:59Z\"}<\/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\/07\/XRP-from-Adobe-Stock.jpg?fit=591%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/629620"}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=629620"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/629620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/629621"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=629620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=629620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=629620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}