{"id":648225,"date":"2024-10-16T04:18:21","date_gmt":"2024-10-16T04:18:21","guid":{"rendered":"https:\/\/www.wncen.com\/?p=648225"},"modified":"2024-10-16T03:18:41","modified_gmt":"2024-10-16T03:18:41","slug":"xrp-price-breakout-0-5550","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-breakout-0-5550\/","title":{"rendered":"XRP Price Nearing Breakout: Can It Finally Push Higher?"},"content":{"rendered":"
XRP price is moving higher above the $0.5400 zone. The price must settle above the $0.5550 resistance to set the pace for a larger increase.<\/em><\/p>\n
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XRP price is attempting a fresh increase above the $0.540 zone.<\/li>\n
The price is now trading above $0.5410 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $0.5395 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 $0.550 and $0.5550 resistance levels.<\/li>\n<\/ul>\n
XRP Price Revisits Resistance<\/h2>\n
XRP price started a downside correction from the $0.5550 resistance zone. There was a move below the $0.5420 support. However, the bulls were active at $0.5320. A low was formed at $0.5317 and the price is now rising like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n