{"id":649186,"date":"2024-10-22T05:08:32","date_gmt":"2024-10-22T05:08:32","guid":{"rendered":"https:\/\/wncen.com\/?p=649186"},"modified":"2024-10-22T05:09:55","modified_gmt":"2024-10-22T05:09:55","slug":"xrp-price-range-0-560","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-range-0-560\/","title":{"rendered":"XRP Price Stays Range-Bound: Will It Soon Make a Move?"},"content":{"rendered":"<p><em>XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>XRP price is consolidating above the $0.5320 zone.<\/li>\n<li>The price is now trading below $0.5500 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Trades In A Range<\/h2>\n<p>XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone.<\/p>\n<p>A high was formed at $0.5600 before the price started to decline like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-corrects-gains-66500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-bulls-2850\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average.<\/p>\n<p>The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level.<\/p>\n<figure id=\"attachment_649187\" aria-describedby=\"caption-attachment-649187\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649187 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP_Price_2efc65.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-649187\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level.<\/p>\n<p>If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5420 and $0.5365.<\/p>\n<p>Major Resistance Levels \u2013 $0.5500 and $0.5550.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading below $0.5500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels. XRP Price Trades In A Range XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone. A high was formed at $0.5600 before the price started to decline like Bitcoin and Ethereum. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP\/USD pair. The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 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 $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level. If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 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 below the 50 level. Major Support Levels \u2013 $0.5420 and $0.5365. Major Resistance Levels \u2013 $0.5500 and $0.5550.<\/p>\n","protected":false},"author":67,"featured_media":641076,"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-649186","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<title>XRP Price Stays Range-Bound: Will It Soon Make a Move?<\/title>\n<meta name=\"description\" content=\"XRP price is struggling to clear the $0.5550 resistance. 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