bullish

Bitcoin

Resistance

Higher

XRP price is gaining pace above the $0.6320 resistance zone. The price is up over 6%, outperforming Bitcoin, and might rise further toward $0.6750. 
<ul> 
 <li>XRP price is gaining pace above the $0.6320 zone.</li> 
 <li>The price is now trading above $0.640 and the 100-hourly Simple Moving Average.</li> 
 <li>There is a key bullish trend line forming with support at $0.640 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could rise further if it clears the $0.6580 resistance zone.</li> 
</ul> 
<h2 id="xrp-price-rallies-over-6">XRP Price Rallies Over 6%</h2> 
XRP price formed a base above the $0.60 zone and started a fresh increase. It cleared the $0.6120 and $0.6150 resistance levels to move into a positive zone. The price is up over 6%, outperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-gains-65k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-battles-3350/" target="_blank" rel="noopener ">Ethereum</a>, and might aim for more gains. 
A high is formed at $0.6582 and the price is now consolidating gains. It is above the 23.6% Fib retracement level of the upward move from the $0.6113 swing low to the $0.6582 high. 
The price is now trading above $0.640 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.640 on the hourly chart of the XRP/USD pair. If there is a fresh increase, the price could face resistance near the $0.6580 level. 
The first major resistance is near the $0.6650 level. The next key resistance could be $0.6720. A clear move above the $0.6720 resistance might send the price toward the $0.6850 resistance. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-632411 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461" alt="XRP Price " width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP_Price_ad0f04.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next major resistance is near the $0.6940 level. Any more gains might send the price toward the $0.700 resistance or even $0.720 in the near term. 
<h2 id="are-dips-supported">Are Dips Supported?</h2> 
If XRP fails to clear the $0.6580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.6450 level. The next major support is at $0.640 or the trend line. 
If there is a downside break and a close below the $0.640 level, the price might continue to decline toward the $0.6350 support in the near term. The next major support sits at $0.6220 or the 76.4% Fib retracement level of the upward move from the $0.6113 swing low to the $0.6582 high. 
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 – $0.6400 and $0.6350. 
Major Resistance Levels – $0.6580 and $0.6720.

XRP Price Beats BTC: Surging Higher and Aiming for More

Съдържание

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