{"id":1461,"date":"2024-11-27T05:11:05","date_gmt":"2024-11-27T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-stabilizes-at-1-30-can-momentum-build\/"},"modified":"2024-11-27T05:11:05","modified_gmt":"2024-11-27T05:11:05","slug":"xrp-price-stabilizes-at-1-30-can-momentum-build","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-stabilizes-at-1-30-can-momentum-build\/","title":{"rendered":"XRP Price Stabilizes at $1.30: Can Momentum Build?"},"content":{"rendered":"<p><em>XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>XRP price is struggling to gain pace for a move above the $1.50 level.<\/li>\n<li>The price is now trading below $1.450 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might gain traction if it clears the $1.4550 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Stuck Below $1.50<\/h2>\n<p>XRP price struggled to gain pace for a move above the $1.50 level. It dipped again and even spiked below the $1.30 level. A low was formed at $1.2828 and the price is now recovering losses unlike Bitcoin and like Ethereum.<\/p>\n<p>There was a move above the $1.3250 and $1.340 resistance levels. The price tested the 50% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low. However, the bears seem to be active near the $1.420 resistance zone.<\/p>\n<p>The price is now trading below $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level or the 61.8% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low.<\/p>\n<p>There is also a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP\/USD pair. The next key resistance could be $1.50.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-655087 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/XRP_Price_baea1a.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $1.50 resistance might send the price toward the $1.550 resistance. Any more gains might send the price toward the $1.600 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.650 or $1.6550.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If XRP fails to clear the $1.4550 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3200 level. The next major support is near the $1.30 level.<\/p>\n<p>If there is a downside break and a close below the $1.30 level, the price might continue to decline toward the $1.2800 support. The next major support sits near the $1.2650 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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $1.3200 and $1.3000.<\/p>\n<p>Major Resistance Levels \u2013 $1.4200 and $1.4550.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-1461","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\/1461","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=1461"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1462"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}