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{"id":646605,"date":"2024-10-07T04:18:30","date_gmt":"2024-10-07T04:18:30","guid":{"rendered":"https:\/\/wncen.com\/?p=646605"},"modified":"2024-10-07T03:30:58","modified_gmt":"2024-10-07T03:30:58","slug":"xrp-price-breakout-0-550","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-breakout-0-550\/","title":{"rendered":"XRP Price Eyes Breakout: Will It Recover Lost Ground?"},"content":{"rendered":"

XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term.<\/em><\/p>\n

\n
XRP price is still consolidating above the $0.5080 support.<\/li>\n
The price is now trading above $0.5250 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could gain bullish pace if it clears the $0.5450 and $0.5500 resistance levels.<\/li>\n<\/ul>\n
XRP Price Eyes Recovery<\/h2>\n
XRP price extended its decline below the $0.5350 level, underperforming Bitcoin<\/a> and Ethereum<\/a>. The price even declined heavily below the $0.5250 support zone.<\/p>\n
A low was formed at $0.5070 and the price is now consolidating losses. There was a minor move above the $0.5250 level. Recently, the price tested the 23.6% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low.<\/p>\n
The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5450 level. There is also a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first major resistance is near the $0.5500 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.580 resistance. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term.<\/p>\n
Another Decline?<\/h2>\n
If XRP fails to clear the $0.5450 resistance zone, it could start another decline. Initial support on the downside is near the $0.5300 level. The next major support is near the $0.5250 level.<\/p>\n
If there is a downside break and a close below the $0.5250 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5080 zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5250 and $0.5120.<\/p>\n
Major Resistance Levels \u2013 $0.5450 and $0.5500.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term. XRP price is still consolidating above the $0.5080 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish pace if it clears the $0.5450 and $0.5500 resistance levels. XRP Price Eyes Recovery XRP price extended its decline below the $0.5350 level, underperforming Bitcoin and Ethereum. The price even declined heavily below the $0.5250 support zone. A low was formed at $0.5070 and the price is now consolidating losses. There was a minor move above the $0.5250 level. Recently, the price tested the 23.6% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5450 level. There is also a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.580 resistance. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term. Another Decline? If XRP fails to clear the $0.5450 resistance zone, it could start another decline. Initial support on the downside is near the $0.5300 level. The next major support is near the $0.5250 level. If there is a downside break and a close below the $0.5250 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5080 zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5250 and $0.5120. Major Resistance Levels \u2013 $0.5450 and $0.5500.<\/p>\n","protected":false},"author":67,"featured_media":646609,"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-646605","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 Eyes Breakout: Will It Recover Lost Ground?<\/title>\n<meta name=\"description\" content=\"XRP price is consolidating above the $0.5080 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 Eyes Breakout: Will It Recover Lost Ground?","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-breakout-0-550\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-breakout-0-550\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Breakout.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Breakout.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":"2024-10-07T04:18:30Z","datePublished":"2024-10-07T04:18:30Z","dateModified":"2024-10-07T04:18:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Eyes Breakout: Will It Recover Lost Ground?\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-breakout-0-550\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-breakout-0-550\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Breakout.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Breakout.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\":\"2024-10-07T04:18:30Z\",\"datePublished\":\"2024-10-07T04:18:30Z\",\"dateModified\":\"2024-10-07T04:18:30Z\"}<\/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-Breakout.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646605"}],"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=646605"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646605\/revisions"}],"predecessor-version":[{"id":646608,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646605\/revisions\/646608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/646609"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=646605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=646605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=646605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}