XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	2,774,505,070	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

2,774,505,070

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.030	0.52%	5.77	5.77	5.78

Price Change

Price Change %

Current Price

Bid Price

Offer

0.030

0.52%

5.77

5.78

High Price	Low Price	Open Price	Prev. Close	52 Week Range
5.78	5.74	5.74	5.74	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

5.78

5.74

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:01:17	104.02	5.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:01:17

104.02

5.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
25,350.93	4,403.08	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

25,350.93

4,403.08

XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase

07/05/2024 6:41am

NEWSBTC

XRP price is correcting gains from the $0.570 resistance. The price is stable above the $0.5240 support and might aim for a fresh increase in the near term. XRP started a decent increase and climbed above the $0.550 resistance. The price is now trading above $0.5250 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5320 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if the bulls defend the $0.5240 support. XRP Price Holds Support Recently, XRP price started a decent increase above the $0.5250 resistance zone. The bulls even pushed the price above the $0.550 resistance zone before the bears appeared. A high was formed at $0.5699 before there was a pullback like Bitcoin and Ethereum. The price dipped below the $0.550 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4787 swing low to the $0.5699 high. However, the price is now stable above $0.5250 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5320 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com Immediate resistance is near the $0.5480 level. The first key resistance is near $0.570. A close above the $0.570 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 $0.620 resistance. Any more gains might send the price toward the $0.680 resistance. More Losses? If XRP fails to clear the $0.5480 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is at $0.5240 and the 100 simple moving average (4 hours). If there is a downside break and a close below the $0.5240 level, the price might accelerate lower. In the stated case, the price could retest the $0.50 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 – $0.5320, $0.5240, and $0.500. Major Resistance Levels – $0.5480, $0.570, and $0.600.

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ICPUSD Internet Computer