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XRPUSD Ripple

3.31

0.370 (12.59%)

11:52:56 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	186,661,331,736	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.370	12.59%	3.31	3.31	3.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3.34	2.91	2.91	2.94	0.382490 - 3.40

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:52:56	19.00	3.31	USD

Price x Volume	Volume	Base Symbol	Related Pairs
489,852,387.62	155,859,472.20	XRP	XRPEUR	XRPGBP	XRPBTC

XRP Price Gears Up: Is a Major Move on the Horizon?

05/11/2024 4:18am

NEWSBTC

XRP price is holding the $0.500 support zone. The price is consolidating and aiming for a fresh increase while Bitcoin is trimming gains. XRP price is eyeing a decent increase above the $0.5100 zone. The price is now trading below $0.5095 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $0.5090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5135 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5000 support zone. The price even declined below $0.4980 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4948 and the price started a fresh increase. There was a move above the $0.4985 and $0.500 resistance levels. It cleared the 50% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5065 level or the 61.8% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The first major resistance is near the $0.5090 level. The next key resistance could be $0.5135. A clear move above the $0.5135 resistance might send the price toward the $0.5200 resistance. Any more gains might send the price toward the $0.5250 resistance or even $0.5265 in the near term. The next major hurdle might be $0.5350. Another Decline? If XRP fails to clear the $0.5090 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4880 support in the near term. The next major support sits near the $0.4740 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 near the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5090 and $0.5135.

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