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{"id":640626,"date":"2024-09-09T04:08:19","date_gmt":"2024-09-09T04:08:19","guid":{"rendered":"https:\/\/www.wncen.com\/?p=640626"},"modified":"2024-09-09T03:17:13","modified_gmt":"2024-09-09T03:17:13","slug":"xrp-price-comeback-0-5480","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-comeback-0-5480\/","title":{"rendered":"XRP Price Holds Ground at $0.50: Can Bulls Push for a Comeback?"},"content":{"rendered":"

XRP price managed to stay above the $0.5000 level. The price is rebounding and must clear the $0.5480 resistance level to start a decent increase.<\/em><\/p>\n

\n
XRP price is struggling to gain pace for a move above the $0.5350 zone.<\/li>\n
The price is now trading below $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could decline again if it fails to clear $0.5320 and $0.5480.<\/li>\n<\/ul>\n
XRP Price Faces Resistance<\/h2>\n
XRP price extended losses below $0.5350 like Bitcoin<\/a> and Ethereum<\/a>. There was a fresh decline, and the price retested the $0.5020 support zone. A low was formed at $0.5021 and the price is now attempting a recovery wave.<\/p>\n
There was a minor increase above the $0.520 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair.<\/p>\n
However, the bears seem to be active near the $0.5320 and $0.5350 levels. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5320 level.<\/p>\n
The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5620 resistance.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $0.5750 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term.<\/p>\n
Another Decline?<\/h2>\n
If XRP fails to clear the $0.5320 resistance zone, it could start another decline. Initial support on the downside is near the $0.5220 level. The next major support is $0.5200.<\/p>\n
If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits at $0.5020.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5200 and $0.5120.<\/p>\n
Major Resistance Levels \u2013 $0.5320 and $0.5480.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price managed to stay above the $0.5000 level. The price is rebounding and must clear the $0.5480 resistance level to start a decent increase. XRP price is struggling to gain pace for a move above the $0.5350 zone. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could decline again if it fails to clear $0.5320 and $0.5480. XRP Price Faces Resistance XRP price extended losses below $0.5350 like Bitcoin and Ethereum. There was a fresh decline, and the price retested the $0.5020 support zone. A low was formed at $0.5021 and the price is now attempting a recovery wave. There was a minor increase above the $0.520 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair. However, the bears seem to be active near the $0.5320 and $0.5350 levels. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5320 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5620 resistance. The next major resistance is near the $0.5750 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 $0.5320 resistance zone, it could start another decline. Initial support on the downside is near the $0.5220 level. The next major support is $0.5200. If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits at $0.5020. 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 above the 50 level. Major Support Levels \u2013 $0.5200 and $0.5120. Major Resistance Levels \u2013 $0.5320 and $0.5480.<\/p>\n","protected":false},"author":67,"featured_media":640628,"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-640626","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 Holds Ground at $0.50: Can Bulls Push for a Comeback?<\/title>\n<meta name=\"description\" content=\"XRP price managed to stay above the $0.5000 level. 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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:\/\/www.wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Holds Ground at $0.50: Can Bulls Push for a Comeback?","url":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-comeback-0-5480\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-comeback-0-5480\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/XRP-Ground.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/XRP-Ground.jpg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-09-09T04:08:19Z","datePublished":"2024-09-09T04:08:19Z","dateModified":"2024-09-09T04:08:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Holds Ground at $0.50: Can Bulls Push for a Comeback?\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-comeback-0-5480\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-comeback-0-5480\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-Ground.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-Ground.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-09-09T04:08:19Z\",\"datePublished\":\"2024-09-09T04:08:19Z\",\"dateModified\":\"2024-09-09T04:08:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/XRP-Ground.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640626"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=640626"}],"version-history":[{"count":1,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640626\/revisions"}],"predecessor-version":[{"id":640629,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640626\/revisions\/640629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/640628"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=640626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=640626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=640626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}