Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>XRP coin regained momentum and has retained the 20-day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers have acquired pace and are willing to cross the $0.600 mark.</a></li>
</ul>
<p>The XRP price re-entered the no-trade zone and retained the 20-day EMA mark, directing a pullback in the last trading sessions. The price action showed that the XRP crypto had retested the range bottom around $0.4000 and reverted from it. Following the market correction, the XRP price has corrected by over 17%, witnessing a retracement on the charts.</p>
<p>At press time, the XRP coin (XRP) price traded at $0.5482&nbsp; with an intraday gain of 2.78%, reflecting a rebound on the charts. It has a monthly return ratio of -11.10% and 17.8% yearly. The pair of XRP/BTC is at 0.00000820 BTC, and the market cap is $30.16 Billion. Analysts are neutral and suggest that the XRP coin may stretch the rebound and outperform in the following sessions.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-volume-profile-analysis-on-daily-chart-strong"><strong>XRP Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (XRP), Volume (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the XRP crypto showcased a minimal correction of over 20% and remained in the range. Despite the market’s bearish sentiments, the XRP crypto has managed the gains and settled around the 20-day EMA support zone. The intraday trading volume jumped over 52.29% to $1.98 Billion.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (XRP), Weighted sentiment (Total) (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Following the price rebound, the XRP crypto displays a spike in the price volatility curve this week. The price volatility curve noted a sharp surge of over 16.90% to 0.016. Similarly, the weighted sentiment looks positive and stayed above the midline around 0.952.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-overview-strong"><strong>Social Dominance and X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (XRP), Twitter Followers 7d (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The data shows that the social dominance data surged over 12.40% to 1.197%, noting an increase in the discussion reports. Likewise, the X followers data noted a bounce of over 3.21% and jumped to 101.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (XRP), Total Open Interest in USD (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The development data witnessed a minimal decline of over 8.67% and dragged below the midline around 7.81, showing a neutral outlook. However, the derivative data signifies a long buildup. The open interest spiked over 7.79% to $436.60 Million in the last 24 hrs.</p>
<p>As per the Fib levels, the XRP <a href="https://www.thecoinrepublic.com/2024/04/23/zil-price-prediction-can-buyers-conquer-the-battle-ahead/" target="_blank" rel="noopener noreferrer nofollow">price</a> trades near its 38.2% resistance zone and rebounded from the lower Bollinger band support zone. Similarly, the RSI curve rebounded from the oversold region and retained the midline region, witnessing a positive crossover noted on the charts.&nbsp;</p>
<p>The total supply of the XRP coin is 99.99 Billion, whereas the volume-to-market cap ratio is 0.0656, and it is ranked 8 in terms of market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The XRP price started gaining momentum slowly &amp; steadily and returning to the track amidst the bearishness. Moreover, the coin has witnessed a notable rebound of over 18% this week, and bulls are starting accumulation.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.5250 and $0.5000</p>
<p><strong>Resistance Levels:</strong> $0.6000 and $0.6750</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

XRP Regained Strength: Can Bulls Stretch Pullback Beyond $0.600?

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Thecoinrepublic.com

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