Convergence

Channels

Read

Divergence

<div class="coingape"> 
 <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>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <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>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/01/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/01/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/30/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/30/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <figure id="attachment_158209" aria-describedby="caption-attachment-158209" style="width: 100%" class="wp-caption aligncenter"> 
  <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"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-158209" src="https://cdn.thebittimes.com/images/2023/09/01/b9fad61db22c995e890921dda140ee1b.webp" alt="XRP Price Prediction" width="1233" height="561"> 
  </noscript> 
  <figcaption id="caption-attachment-158209" class="wp-caption-text">
    XRP/USD four-hour chart | Tradingview 
  </figcaption> 
 </figure> 
 <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>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <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> 
 <figure id="attachment_158208" aria-describedby="caption-attachment-158208" style="width: 100%" class="wp-caption aligncenter"> 
  <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"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-158208" src="https://cdn.thebittimes.com/images/2023/09/01/15b4b6c7961009e81003e91192ed621b.webp" alt="XRP Price Prediction" width="1233" height="563"> 
  </noscript> 
  <figcaption id="caption-attachment-158208" class="wp-caption-text">
    XRP/USD four-hour chart | Tradingview 
  </figcaption> 
 </figure> 
 <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> 
 <ul> 
  <li>SHIB Price Sweeps The Floor While Shibarium Explodes, How To Stay Profitable</li> 
  <li>BTC Price Prediction: Bitcoin Rejected At $27k, Is $20k Imminent?</li> 
  <li>ETH Price Tanks Over 3%, 143,000 Ethereum Options to Expire Today</li> 
 </ul> 
</div>  
<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

Obsah

TheBitTimes

Ďalšie články zverejnené 1. 9. 2023

HashKey's $100 Million Crypto Fund to Focus on Non-Bitcoin Assets

Bitcoin ETF "Approval Is Inevitable": Ex-US SEC Chair Jay Clayton

Toncoin Crypto Price Prediction: Will TON Break Below $1 Level?

Petuah Robert Kiyosaki Seputar Jenis-jenis Investor, Anda Termasuk di Mana?

Borroe takes the lead amidst Crypto’s turbulence

zkPass Pre-alpha Testnet Opens for Public Testing

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!