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XRPUSD Ripple

0.5418

0.004 (0.74%)

08:50:47 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	29,554,392,802	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.004	0.74%	0.5418	0.5419	0.542

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.571	0.5353	0.538	0.5378	0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:50:45	3,693.29	0.5416	USD

Price x Volume	Volume	Base Symbol	Related Pairs
34,797,708.37	63,158,964.72	XRP	XRPEUR	XRPGBP	XRPBTC

XRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?

15/07/2024 5:58am

NEWSBTC

XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone. XRP price gained over 20% in a few days and broke the $0.500 zone. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.540 resistance level. XRP Price Regains Strength XRP price remained in a positive zone above the $0.440 level and extended its recovery wave. It gained over 20% in a few days, outperforming Ethereum and Bitcoin. The price was able to climb above the $0.5050 and $0.5200 resistance levels. The price even cleared the $0.5450 level and spiked above $0.550. A high was formed at $0.5659 and the price corrected gains. There was a minor decline below the $0.5450 level. The price tested the $0.5150 support zone. A low was formed at $0.5140 and the price is now consolidating. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5140 low. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. Besides, there is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5290 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5880 level. Any more gains might send the price toward the $0.600 resistance. Are Dips Supported? If XRP fails to clear the $0.5450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.520 level. The next major support is at $0.5150. If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.490 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 – $0.5200 and $0.5150. Major Resistance Levels – $0.5320 and $0.5450.

1 Year Ripple Chart

1 Year Ripple Chart

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1 Month Ripple Chart

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