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{"id":632166,"date":"2024-07-30T04:18:54","date_gmt":"2024-07-30T04:18:54","guid":{"rendered":"https:\/\/wncen.com\/?p=632166"},"modified":"2024-07-30T03:16:05","modified_gmt":"2024-07-30T03:16:05","slug":"xrp-price-range-0-60","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-range-0-60\/","title":{"rendered":"XRP Price Range-Bound: Can It Maintain Support and Break Out?"},"content":{"rendered":"

XRP price is struggling to clear the $0.6120 resistance zone. The price must stay above the $0.5940 support to attempt another increase in the near term.<\/em><\/p>\n

\n
XRP price is consolidating near the $0.600 support zone.<\/li>\n
The price is now trading below $0.6120 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $0.6120 resistance zone.<\/li>\n<\/ul>\n
XRP Price Consolidates Above Key Support<\/h2>\n
XRP price made a couple of attempts to gain strength above $0.6120 and $0.6150. However, the bulls failed to gain strength for a close above $0.6150. There was a bearish reaction, and the price retested the $0.5950 support.<\/p>\n
A low is formed at $0.5957 and the price is now consolidating, like Ethereum<\/a>. There is also a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP\/USD pair. The pair is now trading below $0.6120 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n
If there is a fresh increase, the price could face resistance near the $0.6025 level or the 50% Fib retracement level of the downward move from the $0.6091 swing high to the $0.5957 low.<\/p>\n
The first major resistance is near the $0.6060 level or the 76.4% Fib retracement level of the downward move from the $0.6091 swing high to the $0.5957 low. The next key resistance could be $0.6120. A clear move above the $0.6120 resistance might send the price toward the $0.6150 resistance.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $0.6200 level. Any more gains might send the price toward the $0.6350 resistance in the near term.<\/p>\n
More Losses?<\/h2>\n
If XRP fails to clear the $0.6120 resistance zone, it could start another decline. Initial support on the downside is near the $0.5950 level. The next major support is at $0.5880.<\/p>\n
If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.5720 support in the near term. The next major support sits at $0.550.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5950 and $0.5880.<\/p>\n
Major Resistance Levels \u2013 $0.6060 and $0.6120.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is struggling to clear the $0.6120 resistance zone. The price must stay above the $0.5940 support to attempt another increase in the near term. XRP price is consolidating near the $0.600 support zone. The price is now trading below $0.6120 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.6120 resistance zone. XRP Price Consolidates Above Key Support XRP price made a couple of attempts to gain strength above $0.6120 and $0.6150. However, the bulls failed to gain strength for a close above $0.6150. There was a bearish reaction, and the price retested the $0.5950 support. A low is formed at $0.5957 and the price is now consolidating, like Ethereum. There is also a major bullish trend line forming with support at $0.5945 on the hourly chart of the XRP\/USD pair. The pair is now trading below $0.6120 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price could face resistance near the $0.6025 level or the 50% Fib retracement level of the downward move from the $0.6091 swing high to the $0.5957 low. The first major resistance is near the $0.6060 level or the 76.4% Fib retracement level of the downward move from the $0.6091 swing high to the $0.5957 low. The next key resistance could be $0.6120. A clear move above the $0.6120 resistance might send the price toward the $0.6150 resistance. The next major resistance is near the $0.6200 level. Any more gains might send the price toward the $0.6350 resistance in the near term. More Losses? If XRP fails to clear the $0.6120 resistance zone, it could start another decline. Initial support on the downside is near the $0.5950 level. The next major support is at $0.5880. If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.5720 support in the near term. The next major support sits at $0.550. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5950 and $0.5880. Major Resistance Levels \u2013 $0.6060 and $0.6120.<\/p>\n","protected":false},"author":67,"featured_media":632168,"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-632166","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 Range-Bound: Can It Maintain Support and Break Out?<\/title>\n<meta name=\"description\" content=\"XRP price is struggling to clear the $0.6120 resistance 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 Range-Bound: Can It Maintain Support and Break Out?","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-range-0-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-range-0-60\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/XRP-STuck.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/XRP-STuck.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":"2024-07-30T04:18:54Z","datePublished":"2024-07-30T04:18:54Z","dateModified":"2024-07-30T04:18:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Range-Bound: Can It Maintain Support and Break Out?\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-range-0-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-range-0-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-STuck.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-STuck.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\":\"2024-07-30T04:18:54Z\",\"datePublished\":\"2024-07-30T04:18:54Z\",\"dateModified\":\"2024-07-30T04:18:54Z\"}<\/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-STuck.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/632166","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=632166"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/632166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/632168"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=632166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=632166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=632166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}