XRP Price Set For Comeback: Breaking This Resistance Could Trigger Recovery

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	31,360,282,412	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

31,360,282,412

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0051	0.90%	0.5747	0.5746	0.5747

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0051

0.90%

0.5747

0.5746

0.5747

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5869	0.5402	0.5691	0.5696	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5869

0.5402

0.5691

0.5696

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:16:14	344.41	0.5747	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:16:14

344.41

0.5747

USD

Price x Volume	Volume	Base Symbol	Related Pairs
80,375,324.42	143,256,179.00	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

80,375,324.42

143,256,179.00

XRP Price Set For Comeback: Breaking This Resistance Could Trigger Recovery

10/07/2024 5:28am

NEWSBTC

XRP price is consolidating above the $0.420 support zone. The price could gain bullish momentum if there is a move above the $0.440 and $0.4450 resistance levels. XRP price is attempting a recovery wave above the $0.4220 zone. The price is now trading above $0.430 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $0.4370 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent upward move if it clears the $0.440 and $0.450 resistance levels. XRP Price Aims Higher XRP price formed a base above the $0.4050 level and recently started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above the $0.420 and $0.4250 resistance levels. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $0.4500 swing high to the $0.4035 low. However, the bears seem to be active near the $0.4380 and $0.440 levels. There is also a short-term contracting triangle forming with resistance at $0.4370 on the hourly chart of the XRP/USD pair. The pair is now trading above $0.4270 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4370 level. The first major resistance is near the $0.4400 level or the 76.4% Fib retracement level of the downward move from the $0.4500 swing high to the $0.4035 low. The next key resistance could be $0.450. A clear move above the $0.450 resistance might send the price toward the $0.4720 resistance. The next major resistance is near the $0.480 level. Any more gains might send the price toward the $0.4880 resistance. Another Drop? If XRP fails to clear the $0.440 resistance zone, it could start another decline. Initial support on the downside is near the $0.4320 level. The next major support is at $0.420. If there is a downside break and a close below the $0.420 level, the price might continue to decline toward the $0.4050 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4200 and $0.4050. Major Resistance Levels – $0.4400 and $0.4500.

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XRPUSD Ripple