XRP Price Surges Ahead: Bullish Trends Signal Promising Price Upswing!

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	29,767,171,336	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

29,767,171,336

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0074	1.38%	0.5452	0.5452	0.5453

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0074

1.38%

0.5452

0.5453

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	10:41:45	174.92	0.5452	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:41:45

174.92

0.5452

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,943,826.40	72,707,057.36	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,943,826.40

72,707,057.36

XRP Price Surges Ahead: Bullish Trends Signal Promising Price Upswing!

16/07/2024 5:58am

NEWSBTC

XRP price is again gaining bullish momentum above the $0.520 resistance zone. The price is eyeing more upsides above $0.550 and $0.5650. XRP price started another increase above the $0.5250 resistance zone. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5220 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 $0.5620 resistance level. XRP Price Regains Strength XRP price formed a base above the $0.500 level and started a fresh increase. The price broke the $0.5250 resistance to move again into a positive zone like Ethereum and Bitcoin. There was also a move above the $0.550 resistance level. A high was formed at $0.5610 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.5227 swing low to the $0.5610 high. The price is now trading above $0.5420 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $0.5220 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5610 level. The first major resistance is near the $0.5620 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5740 resistance. The next major resistance is near the $0.580 level. Any more gains might send the price toward the $0.600 resistance. Are Dips Limited? If XRP fails to clear the $0.5620 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5420 level and the 50% Fib retracement level of the upward move from the $0.5227 swing low to the $0.5610 high. The next major support is at $0.5280 and the trend line. If there is a downside break and a close below the $0.5280 level, the price might continue to decline toward the $0.5050 support in the near term. 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 – $0.5420 and $0.5280. Major Resistance Levels – $0.5620 and $0.5650.

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XRPUSD Ripple