Resistance

Gains

Recently, the price of XRP with a bullish momentum has made a significant surge above the $0.4663 resistance mark. This upside movement has jarred up optimism among investors and market analysts, leading to speculation about whether the next anticipated target of $0.5724 is within reach.&nbsp; 
As XRP continues to gain pace, this article delves into providing an in-depth analysis of<a href="https://www.newsbtc.com/analysis/xrp/xrp-price-eyes-colossal-280-breakout-amid-cme-group-partnership/" target="_blank" rel="noopener "> XRP’s current price</a> action and analyzes technical indicators to answer the question of whether this rally can sustain its momentum and achieve new heights or if a correction is imminent. 
With a market capitalization of more than $28 billion and a trading volume of more than $2 billion as of the time of writing, the price of XRP is currently up by 11.55%, trading at around $0.5088 in the last 24 hours. Its market cap and trading volume are currently up by 11.60% and 73.65% respectively. 
<h2 id="strong-xrp-breakthrough-at-0-466-analyzing-the-surge-strong">XRP Breakthrough At $0.466: Analyzing The Surge</h2> 
On the 4-hour chart, the price of XRP has actively risen with strong momentum above the 100-day Simple Moving Average (SMA) and the $0.4663 resistance level. Additionally, it can be observed that the cryptocurrency asset is currently making a bullish move toward the $0.5724 mark. 
<img loading="lazy" decoding="async" class="size-large wp-image-629622" src="https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=860&amp;resize=860%2C500" alt="XRP" width="860" height="500" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=1438 1438w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=860&amp;resize=860%2C500 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.05-AM.jpeg?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
The formation of the 4-hour Relative Strength Index (RSI) also suggests that XRP’s price may extend its bullish move toward the $0.5724 resistance level as the signal line of the indicator has been maintaining a steady movement above 50% and is currently trending inside the overbought zone. 
On the 1-day chart, it can be observed that the crypto asset has been on a bullish move since after the failure to close below the $0.4088 support level successfully and is currently attempting to move above the 100-day SMA toward the $0.5724 resistance level. 
<img loading="lazy" decoding="async" class="size-large wp-image-629623" src="https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=860&amp;resize=860%2C500" alt="XRP" width="860" height="500" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=1438 1438w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=860&amp;resize=860%2C500 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-13-at-9.03.04-AM.jpeg?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
Lastly, an analytical examination of the formation of the 1-day RSI reveals that XRP could sustain its bullish <a href="https://www.newsbtc.com/news/xrps-epic-12-rally-bullish-ethereum-heres-why/" target="_blank" rel="noopener ">rally</a> toward the $0.4233 resistance mark as the signal line of the indicator has risen above 50% and is heading for the overbought zone. 
<h2 id="strong-potential-risks-and-resistance-levels-ahead-strong">Potential Risks And Resistance Levels Ahead</h2> 
If XRP can maintain its current <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-shows-increased-strength-can-it-sustain-the-recovery/" target="_blank" rel="noopener ">bullish momentum</a> to reach the $0.5724 resistance level and close above, it may continue to move upward to challenge the $0.6697 resistance level. If this level is breached, the digital asset may experience further price gain toward the $0.7342 resistance level and possibly other levels above. 
Conversely, should XRP pull back at $0.5724, it will start to decline once more toward the $0.3389 support level. Furthermore, the crypto asset may see further price decline to challenge the $0.3483 support level and perhaps other levels below if this level is broken. 
<img loading="lazy" decoding="async" class="size-large" src="https://www.tradingview.com/x/7asXDykF/" alt="XRP" width="2283" height="1351">

XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level

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