XRP Price Uptrend To Continue? These Could Be The Factors To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	3,367,111,173	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

3,367,111,173

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.010	0.14%	7.30	7.30	7.30

Price Change

Price Change %

Current Price

Bid Price

Offer

0.010

0.14%

7.30

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.41	6.92	7.27	7.29	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.41

6.92

7.27

7.29

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	19:34:15	7.96	7.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

19:34:15

7.96

7.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,100,976.04	432,216.87	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,100,976.04

432,216.87

XRP Price Uptrend To Continue? These Could Be The Factors To Watch

17/01/2024 5:58am

NEWSBTC

XRP price is consolidating above the $0.5400 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. XRP is struggling to clear the $0.588 and $0.600 resistance levels. The price is now trading below $0.5920 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.588 and $0.600 resistance levels. XRP Price Aims Higher After a decent recovery wave, XRP price was able to settle above the $0.5640 pivot level. A base was formed near $0.5460, and the price started a consolidation phase, unlike Bitcoin and Ethereum. There was a minor increase above the $0.570 resistance zone. However, the bears seem to be active near the $0.5880 resistance zone. It faced a rejection near the 50% Fib retracement level of the recent decline from the $0.6238 swing high to the $0.5545 low. The price is now trading below $0.5920 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.588 zone. The first key resistance is near $0.600. There is also a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair. The trend line is near the 61.8% Fib retracement level of the recent decline from the $0.6238 swing high to the $0.5545 low. Source: XRPUSD on TradingView.com A close above the $0.600 resistance zone could spark a strong increase. The next key resistance is near $0.625. If the bulls remain in action above the $0.625 resistance level, there could be a rally toward the $0.665 resistance. Any more gains might send the price toward the $0.700 resistance. Downside Break? If XRP fails to clear the $0.600 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.5450 zone. The next major support is at $0.5220. If there is a downside break and a close below the $0.5220 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.4850 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 below the 50 level. Major Support Levels – $0.5450, $0.5220, and $0.4850. Major Resistance Levels – $0.5880, $0.600, and $0.6250.

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ICPUSD Internet Computer