XRP Price Remains in Range: Can It Escape the Consolidation?
25 Septembre 2024 - 9:00AM
NEWSBTC
XRP price is still consolidating above the $0.5785 support. The
price must clear the $0.5950 and $0.6050 resistance levels to gain
bullish momentum. XRP price is still trading below the $0.600
resistance zone. The price is now trading above $0.590 and the
100-hourly Simple Moving Average. There was a break above a major
bearish trend line with resistance at $0.5865 on the hourly chart
of the XRP/USD pair (data source from Kraken). The pair could gain
bullish momentum if it clears the $0.5950 and $0.6050 resistance
levels. XRP Price Eyes Upside Break XRP price remained stable above
the $0.5780 level and started a decent upward move like Bitcoin and
Ethereum. The price was able to climb above the $0.5850 and $0.5880
resistance levels. There was a break above a major bearish trend
line with resistance at $0.5865 on the hourly chart of the XRP/USD
pair. The pair climbed above $0.5920 and tested the 50% Fib
retracement level of the downward move from the $0.6123 swing high
to the $0.5784 low. The price is now trading above $0.590 and the
100-hourly Simple Moving Average. On the upside, the price might
face resistance near the $0.5950 level. The first major resistance
is near the $0.600 level. The next key resistance could be $0.6050
or the 76.4% Fib retracement level of the downward move from the
$0.6123 swing high to the $0.5784 low. A clear move above the
$0.6050 resistance might send the price toward the $0.6120
resistance. Any more gains might send the price toward the $0.6250
resistance or even $0.6320 in the near term. Another Decline? If
XRP fails to clear the $0.5950 resistance zone, it could start
another decline. Initial support on the downside is near the
$0.5865 level. The next major support is near the $0.5785 level. If
there is a downside break and a close below the $0.5785 level, the
price might continue to decline toward the $0.5665 support in the
near term. The next major support sits at $0.5500. Technical
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace
in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI
for XRP/USD is now above the 50 level. Major Support Levels –
$0.5865 and $0.5785. Major Resistance Levels – $0.5950 and $0.6050.
Ripple (COIN:XRPUSD)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
Ripple (COIN:XRPUSD)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024