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Divergence

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 <p><span data-preserver-spaces="true"><a rel="noopener noreferrer nofollow" title="XRP price" href="https://thebittimes.com/tag/xrp-price.html">XRP price</a></span><span data-preserver-spaces="true">&nbsp;currently wobbles in a narrow range, with support at $0.5 and resistance at $0.55.</span></p>  
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 <h2 id="span-data-preserver-spaces-true-what-does-xrp-price-need-to-climb-to-1-span"><span data-preserver-spaces="true">What Does XRP Price Need To Climb To $1</span></h2> 
 <p><span data-preserver-spaces="true">First, bulls must ignore the calls for further declines to $0.4 and $0.3, and seek fresh exposure to XRP longs. That way, they can begin to build momentum to support a rebound off support at $0.5.</span></p> 
 <p><span data-preserver-spaces="true">Failure to rally behind XRP implies that sellers will keep pushing the price lower and further delay the run-up into the next bull market.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">The path with the least resistance is to the downside, at least for now, but traders can be on the lookout for a buy signal from the Moving Average Convergence Divergence (MACD) indicator as long the support at $0.5 holds.</span></p>  
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  <img decoding="async" class="size-full wp-image-158209" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201233%20561'%3E%3C/svg%3E" alt="XRP Price Prediction" width="1233" height="561" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/b9fad61db22c995e890921dda140ee1b.webp"> 
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    XRP/USD four-hour chart | Tradingview 
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 <p><span data-preserver-spaces="true">A buy signal from the momentum indicator validates with the blue MACD line crossing above the red signal line. Investors will also notice the histograms flipping green above the mean line and the indicator moving up.</span></p>  
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 <p><span data-preserver-spaces="true">A key breakout likely to mark the beginning of the move to $0.85 and later to $1 would start with&nbsp;</span><span data-preserver-spaces="true">XRP climbing</span><span data-preserver-spaces="true">&nbsp;above the 50-day Exponential Moving Average (EMA) and consequently the descending trendline.</span></p> 
 <h2 id="span-data-preserver-spaces-true-why-moving-to-1-may-be-a-daunting-task-span"><span data-preserver-spaces="true">Why Moving To $1 May Be A Daunting Task</span></h2> 
 <p><span data-preserver-spaces="true"><a rel="noopener noreferrer nofollow" title="XRP price" href="https://thebittimes.com/tag/xrp-price.html">XRP price</a> holds support but is trading below the monthly point of control (mPOC) at $0.5076 as well as the monthly open (mOpen) at $0.5114.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">Now that XRP has started a new bullish candle, lifting above these two key levels will serve as confirmation for the breakout. Notably, with the Relative Strength Index (RSI) almost at the oversold region, it would be premature to rule out a rebound targeting movement above $0.55 (previous hurdle).</span></p> 
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  <img decoding="async" class="size-full wp-image-158208" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201233%20563'%3E%3C/svg%3E" alt="XRP Price Prediction" width="1233" height="563" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/15b4b6c7961009e81003e91192ed621b.webp"> 
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    XRP/USD four-hour chart | Tradingview 
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 <p><span data-preserver-spaces="true">If support at $0.5 weakens, investors should be better prepared for losses to $0.48 and $0.4, respectively. Remember, the hype surrounding&nbsp;</span><span data-preserver-spaces="true">ETFs has faded following the SEC’s decision to delay the approvals</span><span data-preserver-spaces="true">. On top of this, a hike in interest rates means that investors may seek relief in less volatile traditional assets.</span></p> 
 <h3 id="span-data-preserver-spaces-true-related-articles-span"><span data-preserver-spaces="true">Related Articles&nbsp;</span></h3> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-rebounds-from-0-5-as-bulls-focus-on-1-tbt61198.html">https://thebittimes.com/xrp-price-rebounds-from-0-5-as-bulls-focus-on-1-tbt61198.html</a></p>

XRP Price Rebounds From $0.5 As Bulls Focus On $1

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