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{"id":648421,"date":"2024-10-17T04:08:57","date_gmt":"2024-10-17T04:08:57","guid":{"rendered":"https:\/\/www.wncen.com\/?p=648421"},"modified":"2024-10-17T03:19:44","modified_gmt":"2024-10-17T03:19:44","slug":"xrp-price-0-5550-resistance","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-0-5550-resistance\/","title":{"rendered":"XRP Price Can’t Break $0.5550: Is a Turnaround Coming?"},"content":{"rendered":"

XRP price is still struggling to clear the $0.5550 zone. The price must settle above the $0.5550 resistance to start a steady increase in the near term.<\/em><\/p>\n

\n
XRP price is consolidating above the $0.5320 zone.<\/li>\n
The price is now trading above $0.5400 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $0.5435 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 Holds Support<\/h2>\n
XRP price made another attempt to clear the $0.5550 resistance zone. However, the bears remained active below $0.5550 and there was no upside break. The price corrected some gains like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a move below the $0.5500 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. However, the bulls are active and protecting more losses below $0.540.<\/p>\n
The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price might face resistance near the $0.5500 level. The first major resistance is near the $0.5520 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5650 resistance. Any more gains might send the price toward the $0.5840 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000.<\/p>\n
Another Drop?<\/h2>\n
If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level and the trend line. The next major support is near the $0.5350 level.<\/p>\n
If there is a downside break and a close below the $0.5350 level, the price might continue to decline toward the $0.5265 support in the near term. The next major support sits near the $0.5180 zone.<\/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 $0.5400 and $0.5350.<\/p>\n
Major Resistance Levels \u2013 $0.5500 and $0.5550.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is still struggling to clear the $0.5550 zone. The price must settle above the $0.5550 resistance to start a steady increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Holds Support XRP price made another attempt to clear the $0.5550 resistance zone. However, the bears remained active below $0.5550 and there was no upside break. The price corrected some gains like Bitcoin and Ethereum. There was a move below the $0.5500 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. However, the bulls are active and protecting more losses below $0.540. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. On the upside, the price might face resistance near the $0.5500 level. The first major resistance is near the $0.5520 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5650 resistance. Any more gains might send the price toward the $0.5840 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level and the trend line. The next major support is near the $0.5350 level. If there is a downside break and a close below the $0.5350 level, the price might continue to decline toward the $0.5265 support in the near term. The next major support sits near the $0.5180 zone. 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 $0.5400 and $0.5350. Major Resistance Levels \u2013 $0.5500 and $0.5550.<\/p>\n","protected":false},"author":67,"featured_media":648423,"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-648421","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 Can't Break $0.5550: Is a Turnaround Coming?<\/title>\n<meta name=\"description\" content=\"XRP price is still struggling to clear the $0.5550 zone. 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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 Can’t Break $0.5550: Is a Turnaround Coming?","url":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-0-5550-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-0-5550-resistance\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Resistance.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Resistance.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":"2024-10-17T04:08:57Z","datePublished":"2024-10-17T04:08:57Z","dateModified":"2024-10-17T04:08:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Can’t Break $0.5550: Is a Turnaround Coming?\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-0-5550-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/xrp\\\/xrp-price-0-5550-resistance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Resistance.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Resistance.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\":\"2024-10-17T04:08:57Z\",\"datePublished\":\"2024-10-17T04:08:57Z\",\"dateModified\":\"2024-10-17T04:08:57Z\"}<\/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\/10\/XRP-Resistance.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/648421"}],"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=648421"}],"version-history":[{"count":1,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/648421\/revisions"}],"predecessor-version":[{"id":648424,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/648421\/revisions\/648424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/648423"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=648421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=648421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=648421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}