{"id":640180,"date":"2024-09-06T03:48:30","date_gmt":"2024-09-06T03:48:30","guid":{"rendered":"https:\/\/wncen.com\/?p=640180"},"modified":"2024-09-06T03:09:21","modified_gmt":"2024-09-06T03:09:21","slug":"xrp-price-uphill-task-0-560","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-uphill-task-0-560\/","title":{"rendered":"XRP Price Uphill Task: Can It Break Through the Resistance?"},"content":{"rendered":"<p><em>XRP price is consolidating above the $0.5400 level. The price must clear the $0.5520 and $0.5600 resistance levels to start a recovery wave.<\/em><\/p>\n<ul>\n<li>XRP price is struggling to gain pace for a move above the $0.5550 zone.<\/li>\n<li>The price is now trading below $0.550 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.550 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could decline again if it fails to clear $0.5520 and $0.5600.<\/li>\n<\/ul>\n<h2>XRP Price Faces Resistance<\/h2>\n<p>XRP price remained in a range below $0.5650 like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-struggles-58500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-recovery-2500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a fresh decline, and the price retested the $0.540 support zone. A low was formed at $0.5400 and the price is now consolidating.<\/p>\n<p>There was a minor increase above the $0.5420 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 low. However, the bears seem to be active near the $0.550 and $0.5520 levels.<\/p>\n<p>The price is now trading below $0.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.550 level. There is also a connecting bearish trend line forming with resistance at $0.550 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The first major resistance is near the $0.5550 level or the 76.4% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 low.<\/p>\n<figure id=\"attachment_640181\" aria-describedby=\"caption-attachment-640181\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-640181 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_cf2d9d.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-640181\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance could be $0.5600. A clear move above the $0.5600 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is $0.5400.<\/p>\n<p>If there is a downside break and a close below the $0.5400 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.5250.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5400 and $0.5320.<\/p>\n<p>Major Resistance Levels \u2013 $0.5500 and $0.5600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is consolidating above the $0.5400 level. The price must clear the $0.5520 and $0.5600 resistance levels to start a recovery wave. XRP price is struggling to gain pace for a move above the $0.5550 zone. The price is now trading below $0.550 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.550 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could decline again if it fails to clear $0.5520 and $0.5600. XRP Price Faces Resistance XRP price remained in a range below $0.5650 like Bitcoin and Ethereum. There was a fresh decline, and the price retested the $0.540 support zone. A low was formed at $0.5400 and the price is now consolidating. There was a minor increase above the $0.5420 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 low. However, the bears seem to be active near the $0.550 and $0.5520 levels. The price is now trading below $0.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.550 level. There is also a connecting bearish trend line forming with resistance at $0.550 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $0.5550 level or the 76.4% Fib retracement level of the downward move from the $0.5647 swing high to the $0.5400 low. The next key resistance could be $0.5600. A clear move above the $0.5600 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term. Another Decline? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is $0.5400. If there is a downside break and a close below the $0.5400 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.5250. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5400 and $0.5320. Major Resistance Levels \u2013 $0.5500 and $0.5600.<\/p>\n","protected":false},"author":67,"featured_media":640182,"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-640180","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<title>XRP Price Uphill Task: Can It Break Through the Resistance?<\/title>\n<meta name=\"description\" content=\"XRP price is consolidating above the $0.5400 level. 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