Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	9,791,754,031	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

9,791,754,031

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.001279	-1.14%	0.111155	0.111094	0.111128

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.001279

-1.14%

0.111155

0.111094

0.111128

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.112437	0.110244	0.112434	0.112434	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.112437

0.110244

0.112434

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	21:44:59	810.00	0.111155	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

21:44:59

810.00

0.111155

USD

Price x Volume	Volume	Base Symbol	Related Pairs
106,468.58	957,659.87	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

106,468.58

957,659.87

Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term

14/05/2024 6:58am

NEWSBTC

XRP price is attempting a recovery wave from the $0.4865 support. The price could gain bullish momentum if it clears the $0.5120 resistance. XRP remained stable and started a recovery wave above $0.500. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a close above the $0.5120 resistance. XRP Price Reclaims $0.50 After a steady decline, XRP price found support near the $0.4865 zone. A low was formed at $0.4864 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. Besides, there was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP/USD pair. The pair even spiked above $0.5100. A high was formed at $0.5120 and the price is now consolidating gains. There was a test of the 23.6% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5085 level. The first key resistance is near $0.5120. A close above the $0.5120 resistance zone could spark a strong increase. The next key resistance is near $0.5220. If the bulls remain in action above the $0.5220 resistance level, there could be a rally toward the $0.5350 resistance. Any more gains might send the price toward the $0.550 resistance. Another Decline? If XRP fails to clear the $0.5120 resistance zone, it could start another decline. Initial support on the downside is near the $0.5050 level and the 100-hourly Simple Moving Average. The next major support is at $0.50 or the 50% Fib retracement level of the upward move from the $0.4867 swing low to the $0.5120 high. If there is a downside break and a close below the $0.50 level, the price might accelerate lower. In the stated case, the price could retest the $0.4865 support zone. 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 – $0.500 and $0.4865. Major Resistance Levels – $0.5120 and $0.5220.

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