XRP Price Uptrend To Continue? These Could Be The Factors To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	29,832,641,654	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

29,832,641,654

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0094	1.75%	0.5472	0.5471	0.5472

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0094

1.75%

0.5472

0.5471

0.5472

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	13:50:28	200.80	0.5472	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:50:28

200.80

0.5472

USD

Price x Volume	Volume	Base Symbol	Related Pairs
45,272,231.08	82,470,322.08	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

45,272,231.08

82,470,322.08

XRP Price Uptrend To Continue? These Could Be The Factors To Watch

17/01/2024 5:58am

NEWSBTC

XRP price is consolidating above the $0.5400 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. XRP is struggling to clear the $0.588 and $0.600 resistance levels. The price is now trading below $0.5920 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.588 and $0.600 resistance levels. XRP Price Aims Higher After a decent recovery wave, XRP price was able to settle above the $0.5640 pivot level. A base was formed near $0.5460, and the price started a consolidation phase, unlike Bitcoin and Ethereum. There was a minor increase above the $0.570 resistance zone. However, the bears seem to be active near the $0.5880 resistance zone. It faced a rejection near the 50% Fib retracement level of the recent decline from the $0.6238 swing high to the $0.5545 low. The price is now trading below $0.5920 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.588 zone. The first key resistance is near $0.600. There is also a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair. The trend line is near the 61.8% Fib retracement level of the recent decline from the $0.6238 swing high to the $0.5545 low. Source: XRPUSD on TradingView.com A close above the $0.600 resistance zone could spark a strong increase. The next key resistance is near $0.625. If the bulls remain in action above the $0.625 resistance level, there could be a rally toward the $0.665 resistance. Any more gains might send the price toward the $0.700 resistance. Downside Break? If XRP fails to clear the $0.600 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.5450 zone. The next major support is at $0.5220. If there is a downside break and a close below the $0.5220 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.4850 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5450, $0.5220, and $0.4850. Major Resistance Levels – $0.5880, $0.600, and $0.6250.

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XRPUSD Ripple