Ethereum

Rally

Resistance

XRP price started a fresh rally above the $0.6400 resistance. The bulls are now active above $0.680 and might aim for a move toward $0.800 or even $0.850. 
<ul> 
 <li>XRP started a fresh increase above the $0.640 resistance level.</li> 
 <li>The price is now trading above $0.670 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bullish trend line forming with support near $0.660 on the 4-hour chart of the XRP/USD pair (data source from Kraken).</li> 
 <li>The pair could start a fresh rally if there is a close above the $0.720 resistance zone.</li> 
</ul> 
<h2 id="xrp-price-jumps-over-15">XRP Price Jumps Over 15%</h2> 
In the past few days, XRP price climbed higher from the $0.530 zone. There was a move above the $0.580 and $0.600 resistance levels. Yesterday, it pumped over 15%, cleared the $0.650 resistance, and outperformed both <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-dips-3830/" target="_blank" rel="noopener ">Ethereum</a> and <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-big-move-75k/" target="_blank" rel="noopener ">Bitcoin</a>. 
A high was formed at $0.7442 and the price is now consolidating gains. There was a minor decline below the $0.720 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.530 swing low to the $0.7442 high. 
Ripple’s token price is now trading above $0.660 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.660 on the 4-hour chart of the XRP/USD pair. 
On the upside, immediate resistance is near the $0.720 zone. The first key resistance is near $0.7440, above which the price could rise toward the $0.7850 resistance. A close above the $0.7850 resistance zone could spark a strong increase. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-597560" src="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461" alt="XRP Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/XRP_Price_0084c0.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank" rel="noopener nofollow">XRPUSD on TradingView.com</a> 
The next key resistance is near $0.80. If the bulls remain in action above the $0.80 resistance level, there could be a rally toward the $0.850 resistance. Any more gains might send the price toward the $0.880 resistance. 
<h2 id="another-decline">Another Decline?</h2> 
If XRP fails to clear the $0.720 resistance zone, it could start another decline. Initial support on the downside is near the $0.660 zone and the trend line. 
The next major support is at $0.6350 or the 50% Fib retracement level of the upward move from the $0.530 swing low to the $0.7442 high. If there is a downside break and a close below the $0.6350 level, the price might accelerate lower. In the stated case, the price could retest the $0.600 support zone. 
Technical Indicators 
4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $0.6600, $0.6350, and $0.600. 
Major Resistance Levels – $0.720, $0.7440, and $0.800.

XRP Price Prediction: Rally Could Soon Extend To $0.85

목차

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