XRP Price Prediction – A Strengthening Case For Rally Above $0.62

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	3,394,672,792	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

3,394,672,792

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.090	1.23%	7.38	7.37	7.37

Price Change

Price Change %

Current Price

Bid Price

Offer

0.090

1.23%

7.38

7.37

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.43	6.92	7.27	7.29	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.43

6.92

7.27

7.29

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:43:07	0.253100	7.38	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:43:07

0.253100

7.38

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,508,262.51	487,838.13	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,508,262.51

487,838.13

XRP Price Prediction – A Strengthening Case For Rally Above $0.62

01/11/2023 5:18am

NEWSBTC

XRP price is correcting gains from the $0.620 resistance against the US Dollar. The price might test the $0.5760 support, where the bulls could take a stand. XRP started a strong increase above the $0.580 resistance. The price is now trading above $0.585 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5760 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.5760. XRP Price Remains In Uptrend After forming a base above the $0.532 level, XRP started a fresh rally. There was a strong move above the $0.555 and $0.565 resistance levels. It even outperformed Bitcoin and Ethereum. A high was formed near $0.6204 and the price is now correcting gains. There was a decline below the $0.600 level. The price even moved below the 23.6% Fib retracement level of the upward move from the $0.5316 swing low to the $0.6204 high. XRP is now trading above $0.585 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.5760 on the 4-hour chart. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.5950 level. The first major resistance is $0.600. A close above the $0.600 level could send the price toward the $0.620 resistance. If the bulls remain in action above the $0.620 resistance level, there could be a rally toward the $0.650 resistance. Any more gains might send XRP toward the $0.665 resistance. Are Dips Supported? If XRP fails to clear the $0.600 resistance zone, it could continue to move down. Initial support on the downside is near the $0.576 zone and the trend line. The trend line is near the 50% Fib retracement level of the upward move from the $0.5316 swing low to the $0.6204 high. The next major support is at $0.5650. If there is a downside break and a close below the $0.5650 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.532 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.576, $0.565, and $0.532. Major Resistance Levels – $0.600, $0.620, and $0.650.

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ICPUSD Internet Computer