XRP Price Prediction: A Fresh Rally Is Around The Corner? - ADVFN

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Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	5,526,104,695	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.210	1.77%	12.07	12.06	12.06

High Price	Low Price	Open Price	Prev. Close	52 Week Range
12.23	11.77	11.86	11.86	2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:42:09	207.56	12.07	USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,031,889.56	419,082.84	ICP	ICPEUR	ICPGBP	ICPBTC

XRP Price Prediction: A Fresh Rally Is Around The Corner?

14/02/2024 5:18am

NEWSBTC

XRP price is consolidating below the $0.538 resistance. The price could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels. XRP is struggling to clear the $0.5350 and $0.5380 resistance levels. The price is now trading above $0.520 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels. XRP Price Eyes Fresh Rally In the past few days, XRP price recovered higher from the $0.4980 zone. There was a move above the $0.505 and $0.5120 resistance levels. However, the bears remained active near the $0.5380 resistance and protected more upsides, unlike Bitcoin and Ethereum. The recent high was formed at $0.5375 before there was a downside correction. There was a move below the $0.5220 level. The price even spiked below the 50% Fib retracement level of the upward move from the $0.4980 swing low to the $0.5375 high. Ripple’s token price is now trading above $0.520 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair. On the upside, immediate resistance is near the $0.5300 zone. Source: XRPUSD on TradingView.com The first key resistance is near $0.5380, above which the price could rise toward the $0.550 resistance. A close above the $0.550 resistance zone could spark a strong increase. The next key resistance is near $0.5850. If the bulls remain in action above the $0.5850 resistance level, there could be a rally toward the $0.600 resistance. Any more gains might send the price toward the $0.620 resistance. Another Decline? If XRP fails to clear the $0.5380 resistance zone, it could start another decline. Initial support on the downside is near the $0.518 zone and the trend line. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could retest the $0.480 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.517, $0.512, and $0.480. Major Resistance Levels – $0.530, $0.538, and $0.550.

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