XRP Price Steals the Spotlight: Dips Look Increasingly Attractive

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	145,935,222,994	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

145,935,222,994

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	2.57	2.57	2.57

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

2.57

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.59	2.47	2.56	2.57	0.382490 - 2.90

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.59

2.47

2.56

2.57

0.382490 - 2.90

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:08:59	0.186327	2.57	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:08:59

0.186327

2.57

USD

Price x Volume	Volume	Base Symbol	Related Pairs
253,399,348.60	99,978,878.77	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

253,399,348.60

99,978,878.77

XRP Price Steals the Spotlight: Dips Look Increasingly Attractive

18/12/2024 4:08am

NEWSBTC

XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance. XRP price started a fresh increase above the $2.50 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.62 resistance. XRP Price Pops Above $2.50 XRP price started a decent upward move above the $2.50 level, beating Bitcoin and Ethereum. There was a move above the $2.55 and $2.62 resistance levels. The price even spiked above $2.70 before the bears appeared. A high was formed at $2.7267 and the price is now consolidating gains. There was a minor decline below $2.620. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.53 on the hourly chart of the XRP/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $2.3272 swing low to the $2.7267 high. On the upside, the price might face resistance near the $2.58 level. The first major resistance is near the $2.620 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.20. Are Dips Supported? If XRP fails to clear the $2.620 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level and the trend line. The next major support is near the $2.440 level. If there is a downside break and a close below the $2.440 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.250 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 above the 50 level. Major Support Levels – $2.520 and $2.440. Major Resistance Levels – $2.620 and $2.720.

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XRPUSD Ripple