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XRPUSD Ripple

0.4747

0.00 (0.00%)

01:41:49 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	25,877,143,264	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.4747	0.4746	0.4747

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4759	0.4738	0.4746	0.4747	- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:41:53	1.07	0.4747	USD

Price x Volume	Volume	Base Symbol	Related Pairs
706,410.22	1,487,985.48	XRP	XRPEUR	XRPGBP	XRPBTC

XRP Price Aims for a Bullish Surge: Is a Major Move on the Horizon?

05/06/2024 4:58am

NEWSBTC

XRP price is slowly moving higher above the $0.5120 zone. It could start a major increase if there is a close above the $0.5320 resistance zone. XRP is attempting a fresh increase above the $0.5220 zone. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a clear move above $0.5300. XRP Price Holds Support XRP price remained well-supported above the $0.500 zone and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5120 and $0.5150 levels. There was a clear move above the $0.5250 resistance and the price tested the $0.530 zone. A high was formed at $0.5300 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5280 level. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450. If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance. Another Decline? If XRP fails to clear the $0.530 resistance zone, it could start another decline. Initial support on the downside is near the $0.5240 level and the trend line. The next major support is at $0.5190 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. If there is a downside break and a close below the $0.5190 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.5120 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5240 and $0.5190. Major Resistance Levels – $0.5300 and $0.5320.

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