{"id":1961,"date":"2024-12-24T05:11:05","date_gmt":"2024-12-24T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-fresh-surge-bulls-gear-up-for-action\/"},"modified":"2024-12-24T05:11:05","modified_gmt":"2024-12-24T05:11:05","slug":"xrp-price-fresh-surge-bulls-gear-up-for-action","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-fresh-surge-bulls-gear-up-for-action\/","title":{"rendered":"XRP Price Fresh Surge: Bulls Gear Up for Action"},"content":{"rendered":"<p><em>XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP price is attempting a fresh increase above the $2.20 resistance zone.<\/li>\n<li>The price is now trading near $2.25 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start a decent increase if it clears the $2.30 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Eyes A Comeback<\/h2>\n<p>XRP price started a fresh increase from the $2.12 support level, unlike Bitcoin and Ethereum. There was a decent increase above the $2.15 and $2.20 levels.<\/p>\n<p>The price surpassed the 23.6% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low. There was also a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>However, the bears were active near the $2.25 and $2.26 levels. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.265 level. The first major resistance is near the $2.28 level. It is near the 61.8% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-666645\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/XRP_Price_a561e9.png?resize=1024%2C478\" alt=\"XRP Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.680.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.188 level. The next major support is near the $2.120 level.<\/p>\n<p>If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 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 losing pace in the bearish 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 $2.180 and $2.120.<\/p>\n<p>Major Resistance Levels \u2013 $2.28 and $2.30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone. XRP price is attempting a fresh increase above the $2.20 resistance zone. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. There was a break above&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-1961","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\/1961","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=1961"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1962"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}