XRP Price Prediction: Momentum Reignites As Bulls Aim For $0.75

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	13,948,401,360	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

13,948,401,360

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.000761	0.47%	0.161054	0.161053	0.16106

Price Change

Price Change %

Current Price

Bid Price

Offer

0.000761

0.47%

0.161054

0.161053

0.16106

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.161971	0.160093	0.160293	0.160293	0.077142 - 0.170321

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.161971

0.160093

0.160293

0.077142 - 0.170321

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	23:12:51	61.24	0.161054	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

23:12:51

61.24

0.161054

USD

Price x Volume	Volume	Base Symbol	Related Pairs
241,138.29	1,495,761.46	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

241,138.29

1,495,761.46

XRP Price Prediction: Momentum Reignites As Bulls Aim For $0.75

28/02/2024 4:00pm

NEWSBTC

XRP price is gaining pace above the $0.550 resistance. The bulls seem to be aiming for a move above the $0.60 and $0.62 resistance levels. XRP started a fresh increase above the $0.550 resistance level. The price is now trading above $0.575 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the $0.60 resistance zone. XRP Price Restarts Increase In the past few days, XRP price recovered higher from the $0.530 zone. There was a move above the $0.545 and $0.550 resistance levels. However, the upside was less compared to Bitcoin and Ethereum. There was a break above a major contracting triangle with resistance at $0.560 on the 4-hour chart of the XRP/USD pair. The pair traded as high as $0.5971, and it is currently consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high. Ripple’s token price is now trading above $0.575 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.580 zone. The first key resistance is near $0.600, above which the price could rise toward the $0.620 resistance. A close above the $0.620 resistance zone could spark a strong increase. Source: XRPUSD on TradingView.com The next key resistance is near $0.650. If the bulls remain in action above the $0.650 resistance level, there could be a rally toward the $0.685 resistance. Any more gains might send the price toward the $0.70 resistance. Another Decline? If XRP fails to clear the $0.60 resistance zone, it could start another decline. Initial support on the downside is near the $0.575 zone. The next major support is at $0.5630 or the 50% Fib retracement level of the upward move from the $0.5290 swing low to the $0.5971 high. If there is a downside break and a close below the $0.5630 level, the price might accelerate lower. In the stated case, the price could retest the $0.5350 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 60 level. Major Support Levels – $0.575, $0.563, and $0.5350. Major Resistance Levels – $0.5950, $0.600, and $0.620.

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