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{"id":645839,"date":"2024-10-02T04:08:21","date_gmt":"2024-10-02T04:08:21","guid":{"rendered":"https:\/\/wncen.com\/?p=645839"},"modified":"2024-10-02T03:17:17","modified_gmt":"2024-10-02T03:17:17","slug":"xrp-price-fights-0-6220","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-fights-0-6220\/","title":{"rendered":"XRP Price Fights to Regain Momentum: Will It Break Through??"},"content":{"rendered":"

XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.<\/em><\/p>\n

\n
XRP price declined further below the $0.6120 zone.<\/li>\n
The price is now trading below $0.6250 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels.<\/li>\n<\/ul>\n
XRP Price Eyes Fresh Increase<\/h2>\n
XRP price extended its decline below the $0.6320 level like Bitcoin<\/a> and Ethereum<\/a>. The price even declined below the $0.6000 support zone.<\/p>\n
A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low.<\/p>\n
The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair.<\/p>\n
It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The first major resistance is near the $0.6250 level.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term.<\/p>\n
More Losses?<\/h2>\n
If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level.<\/p>\n
If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone.<\/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 below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5920 and $0.5780.<\/p>\n
Major Resistance Levels \u2013 $0.6220 and $0.6250.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620. XRP price declined further below the $0.6120 zone. The price is now trading below $0.6250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels. XRP Price Eyes Fresh Increase XRP price extended its decline below the $0.6320 level like Bitcoin and Ethereum. The price even declined below the $0.6000 support zone. A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The first major resistance is near the $0.6250 level. The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term. More Losses? If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level. If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone. 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 $0.5920 and $0.5780. Major Resistance Levels \u2013 $0.6220 and $0.6250.<\/p>\n","protected":false},"author":67,"featured_media":645841,"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-645839","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 Fights to Regain Momentum: Will It Break Through??<\/title>\n<meta name=\"description\" content=\"XRP price extended losses and tested the $0.5785 support 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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Fights to Regain Momentum: Will It Break Through??","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-fights-0-6220\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-fights-0-6220\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRp-Struggle.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRp-Struggle.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":"2024-10-02T04:08:21Z","datePublished":"2024-10-02T04:08:21Z","dateModified":"2024-10-02T04:08:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Fights to Regain Momentum: Will It Break Through??\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-fights-0-6220\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-fights-0-6220\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRp-Struggle.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRp-Struggle.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\":\"2024-10-02T04:08:21Z\",\"datePublished\":\"2024-10-02T04:08:21Z\",\"dateModified\":\"2024-10-02T04:08:21Z\"}<\/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\/10\/XRp-Struggle.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645839"}],"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=645839"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645839\/revisions"}],"predecessor-version":[{"id":645842,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645839\/revisions\/645842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/645841"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=645839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=645839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=645839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}