XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next key resistance could be $0.5500. A clear move above the $0.5500 resistance might send the price toward the $0.5850 resistance. It is close to the 50% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term. The next major hurdle might be $0.6250.<\/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 $0.5220 level. The next major support is near the $0.5150 level.<\/p>\n
If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 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 struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase. XRP price is still consolidating above the $0.5080 support. The price is now trading near $0.5250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels. XRP Price Eyes Upside Break XRP price remained well-bid above the $0.5080 support level, unlike Bitcoin and Ethereum. The price started a slow upward move above the $0.5220 and $0.5320 resistance levels. There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP\/USD pair. However, the bears were active near the $0.5450 resistance level. They protected 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 near $0.5250 and the 100-hourly Simple Moving Average. If there is another increase, the price might face resistance near the $0.5350 level. The first major resistance is near the $0.5450 level. The next key resistance could be $0.5500. A clear move above the $0.5500 resistance might send the price toward the $0.5850 resistance. It is close to the 50% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term. The next major hurdle might be $0.6250. 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 $0.5220 level. The next major support is near the $0.5150 level. If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 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":646848,"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-646846","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
XRP Price Struggle Continues: Can Bulls Turn It Around?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n