XRP Price Prediction – Key Upside Break Could Trigger Fresh Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	30,470,977,257	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

30,470,977,257

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0209	3.89%	0.5587	0.5586	0.5588

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0209

3.89%

0.5587

0.5586

0.5588

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.571	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.571

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:03:16	46.43	0.5587	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:03:16

46.43

0.5587

USD

Price x Volume	Volume	Base Symbol	Related Pairs
52,608,270.61	95,744,356.52	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

52,608,270.61

95,744,356.52

XRP Price Prediction – Key Upside Break Could Trigger Fresh Surge

05/12/2023 5:28am

NEWSBTC

XRP price is eyeing a key upside break above the $0.650 resistance. The price could rally toward $0.70 if it clears the $0.650 resistance. XRP is slowly moving higher above the $0.612 level. The price is now trading above $0.615 and the 100 simple moving average (4 hours). There was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.645 and $0.650 resistance levels. XRP Price Aims Higher In the past few days, XRP formed a base above the $0.5880 pivot level. The price started a decent increase above the $0.600 resistance but failed to rally like Bitcoin and Ethereum. There was a move above the 23.6% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Besides, there was a break above a major declining channel with resistance near $0.618 on the 4-hour chart of the XRP/USD pair. The price is now trading above $0.615 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.625 level. The first major resistance is near the $0.645 zone or the 50% Fib retracement level of the main decline from the $0.720 swing high to the $0.5720 swing low. Source: XRPUSD on TradingView.com The main resistance sits at $0.650. A close above the $0.650 resistance zone could spark a steady increase. The next key resistance is near $0.685. If the bulls remain in action above the $0.658 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance. Another Decline? If XRP fails to clear the $0.650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.615 zone and the 100 simple moving average (4 hours). The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.572 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.600, $0.588, and $0.572. Major Resistance Levels – $0.645, $0.650, and $0.700.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

XRPUSD Ripple