{"id":1182,"date":"2024-11-12T05:11:05","date_gmt":"2024-11-12T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-sets-sights-on-larger-gains-can-bulls-push-higher\/"},"modified":"2024-11-12T05:11:05","modified_gmt":"2024-11-12T05:11:05","slug":"xrp-price-sets-sights-on-larger-gains-can-bulls-push-higher","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-sets-sights-on-larger-gains-can-bulls-push-higher\/","title":{"rendered":"XRP Price Sets Sights on Larger Gains: Can Bulls Push Higher?"},"content":{"rendered":"<p><em>XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains.<\/em><\/p>\n<ul>\n<li>XRP price is struggling to gain pace like Bitcoin.<\/li>\n<li>The price is now trading above $0.5980 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $0.5700 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Holds Support<\/h2>\n<p>XRP price remained supported above the $0.5550 level. It formed a base and started a fresh increase above $0.5800, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.6150 and $0.62200 resistance levels.<\/p>\n<p>The bulls even pushed the price above the $0.6300 level before the bears appeared. A high was formed at $0.6336 before there was a pullback. The price dipped below $0.6220 and tested $0.6150. It tested the 50% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high.<\/p>\n<p>The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high.<\/p>\n<p>On the upside, the price might face resistance near the $0.6150 level. The first major resistance is near the $0.6220 level. The next key resistance could be $0.6350. A clear move above the $0.6350 resistance might send the price toward the $0.6465 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-652670 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/XRP_Price_a0160f.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>Any more gains might send the price toward the $0.6550 resistance or even $0.6720 in the near term. The next major hurdle might be $0.6880.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $0.6150 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 level. The next major support is near the $0.5940 level and the trend line.<\/p>\n<p>If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5700 support in the near term. The next major support sits near the $0.5550 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5980 and $0.5940.<\/p>\n<p>Major Resistance Levels \u2013 $0.6150 and $0.6350.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains. XRP price is struggling to gain pace like Bitcoin. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-1182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1182"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1183"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}