{"id":1738,"date":"2024-12-12T05:11:05","date_gmt":"2024-12-12T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-winning-streak-is-more-upside-on-the-horizon\/"},"modified":"2024-12-12T05:11:05","modified_gmt":"2024-12-12T05:11:05","slug":"xrp-price-winning-streak-is-more-upside-on-the-horizon","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-winning-streak-is-more-upside-on-the-horizon\/","title":{"rendered":"XRP Price Winning Streak: Is More Upside on The Horizon?"},"content":{"rendered":"<p><em>XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh increase above the $2.25 zone.<\/li>\n<li>The price is now trading above $2.30 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.475 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Starts Fresh Increase<\/h2>\n<p>XRP price started a decent upward move above the $2.20 level, beating Bitcoin and Ethereum. There was a move above the $2.25 and $2.30 resistance levels.<\/p>\n<p>During the increase, there was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP\/USD pair. The pair was able to surpass the 61.8% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low.<\/p>\n<p>However, the bears are active below the $2.475 level. It coincides with the 76.4% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low.<\/p>\n<p>The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level. The first major resistance is near the $2.4750 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-661185\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/XRP_Price_69e799.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880.<\/p>\n<h2>Another Pullback?<\/h2>\n<p>If XRP fails to clear the $2.475 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.20 level.<\/p>\n<p>If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.00 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $2.280 and $2.200.<\/p>\n<p>Major Resistance Levels \u2013 $2.4750 and $2.6450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone. XRP price started a fresh increase above the $2.25 zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There was a break&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-1738","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\/1738","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=1738"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1739"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}