bullish

Gather

Resistance

Pace

XRP price is attempting a fresh increase above the $0.600 zone. The price could gain bullish momentum if it clears the $0.6200 resistance level. 
<ul> 
 <li>XRP price is showing positive signs from the $0.600 support zone.</li> 
 <li>The price is now trading above $0.6050 and the 100-hourly Simple Moving Average.</li> 
 <li>There was a break above a key contracting triangle with resistance at $0.6050 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could gain bullish momentum if it stays above the $0.5940 support zone.</li> 
</ul> 
<h2 id="xrp-price-eyes-could-gather-pace-toward-0-650">XRP Price Eyes Could Gather Pace Toward $0.650</h2> 
XRP price remained stable above the $0.5920 support zone. A base was formed, and the price recently started an upward move above $0.600. There was a clear move above the $0.6020 resistance zone, but it lagged momentum like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-pump-70k/" target="_blank" rel="noopener ">Bitcoin</a> and Ethereum. 
There was a break above a key contracting triangle with resistance at $0.6050 on the hourly chart of the XRP/USD pair. The pair is now testing the 50% Fib retracement level of the downward move from the $0.6321 swing high to the $0.5827 low. 
It is now trading above $0.6050 and the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-surge-0-65/" target="_blank" rel="noopener ">100-hourly Simple Moving Average</a>. If there are more upsides, the price could face resistance near the $0.6135 level. The first major resistance is near the $0.6200 level or the 76.4% Fib retracement level of the downward move from the $0.6321 swing high to the $0.5827 low. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-631965 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461" alt="XRP Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_8a4884.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6465 resistance. The next major resistance is near the $0.6500 level. Any more gains might send the price toward the $0.6750 resistance. 
<h2 id="another-pullback">Another Pullback?</h2> 
If XRP fails to clear the $0.6200 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 level. The next major support is at $0.5940 and the triangle’s trend line zone. 
If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5820 support in the near term. The next major support sits at $0.5750. 
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 near the 50 level. 
Major Support Levels – $0.6000 and $0.5940. 
Major Resistance Levels – $0.6075 and $0.6200.

XRP Price Hints at Breakout: Can It Achieve New Heights?

Съдържание

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