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{"id":640862,"date":"2024-09-10T04:18:08","date_gmt":"2024-09-10T04:18:08","guid":{"rendered":"https:\/\/www.wncen.com\/?p=640862"},"modified":"2024-09-10T03:29:02","modified_gmt":"2024-09-10T03:29:02","slug":"xrp-price-targets-0-55","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-targets-0-55\/","title":{"rendered":"XRP Price Targets $0.550 Breakout For A Potential Rally"},"content":{"rendered":"

XRP price started a recovery wave above the $0.5320 level. The price could gain pace if it clears the $0.5480 and $0.550 resistance levels.<\/em><\/p>\n

\n
XRP price is aiming for a move above the $0.550 resistance zone.<\/li>\n
The price is now trading above $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $0.5325 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 $0.5480 and $0.550 resistance levels.<\/li>\n<\/ul>\n
XRP Price Starts Recovery<\/h2>\n
XRP price formed a base near $0.5020 to start a recovery wave like Bitcoin<\/a> and Ethereum<\/a>. The price started a decent increase above the $0.5220 and $0.5250 resistance levels.<\/p>\n
The bulls were able to push the price above the 50% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The price even spiked above the $0.540 level before it faced resistance.<\/p>\n
The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair.<\/p>\n
On the upside, the price might face resistance near the $0.5420 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The next key resistance could be $0.5550.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $0.5550 resistance might send the price toward the $0.5680 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
Another Decline?<\/h2>\n
If XRP fails to clear the $0.5420 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is $0.5220.<\/p>\n
If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5080 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 bullish 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 $0.5320 and $0.5220.<\/p>\n
Major Resistance Levels \u2013 $0.5420 and $0.5500.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price started a recovery wave above the $0.5320 level. The price could gain pace if it clears the $0.5480 and $0.550 resistance levels. XRP price is aiming for a move above the $0.550 resistance zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5480 and $0.550 resistance levels. XRP Price Starts Recovery XRP price formed a base near $0.5020 to start a recovery wave like Bitcoin and Ethereum. The price started a decent increase above the $0.5220 and $0.5250 resistance levels. The bulls were able to push the price above the 50% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The price even spiked above the $0.540 level before it faced resistance. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5325 on the hourly chart of the XRP\/USD pair. On the upside, the price might face resistance near the $0.5420 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward wave from the $0.5625 swing high to the $0.5020 swing low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5680 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 $0.5420 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is $0.5220. If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5080 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 bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.5320 and $0.5220. Major Resistance Levels \u2013 $0.5420 and $0.5500.<\/p>\n","protected":false},"author":67,"featured_media":640864,"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-640862","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 Targets $0.550 Breakout For A Potential Rally<\/title>\n<meta name=\"description\" content=\"XRP price started a recovery wave above the $0.5320 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 Targets $0.550 Breakout For A Potential Rally","url":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-targets-0-55\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-targets-0-55\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/XRP-RIse.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/XRP-RIse.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":"2024-09-10T04:18:08Z","datePublished":"2024-09-10T04:18:08Z","dateModified":"2024-09-10T04:18:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Targets $0.550 Breakout For A Potential Rally\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-targets-0-55\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-targets-0-55\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-RIse.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-RIse.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\":\"2024-09-10T04:18:08Z\",\"datePublished\":\"2024-09-10T04:18:08Z\",\"dateModified\":\"2024-09-10T04:18:08Z\"}<\/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-RIse.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640862"}],"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=640862"}],"version-history":[{"count":1,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640862\/revisions"}],"predecessor-version":[{"id":640865,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640862\/revisions\/640865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/640864"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=640862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=640862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=640862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}