{"id":2337,"date":"2025-01-14T05:11:05","date_gmt":"2025-01-14T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-dominates-outperforming-bitcoin-with-confidence\/"},"modified":"2025-01-14T05:11:05","modified_gmt":"2025-01-14T05:11:05","slug":"xrp-price-dominates-outperforming-bitcoin-with-confidence","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-dominates-outperforming-bitcoin-with-confidence\/","title":{"rendered":"XRP Price Dominates: Outperforming Bitcoin With Confidence"},"content":{"rendered":"<p><em>XRP price started a fresh increase above the $2.450 level despite pressure on Bitcoin. The price is still showing positive signs and could clear the $2.550 resistance.<\/em><\/p>\n<ul>\n<li>XRP price gained over 4% and rallied above the $2.450 zone.<\/li>\n<li>The price is now trading above $2.4650 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start a fresh increase if it stays above the $2.420 support.<\/li>\n<\/ul>\n<h2>XRP Price Eyes More Gains $2.50<\/h2>\n<p>XRP price managed to start a fresh increase above the $2.40 and $2.42 resistance levels. The price gained over 4% and outperformed both Bitcoin and Ethereum. There was a move above the $2.45 and $2.480 levels.<\/p>\n<p>The price climbed above the 50% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low. There was also a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.550 level or the 76.4% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-675104\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/XRP_Price_e5a812.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance is near the $2.60 level. The next resistance is $2.620. A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.7350 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n<h2>Downside Correction?<\/h2>\n<p>If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.480 level. The next major support is near the $2.420 level.<\/p>\n<p>If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 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 $2.480 and $2.420.<\/p>\n<p>Major Resistance Levels \u2013 $2.550 and $2.600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh increase above the $2.450 level despite pressure on Bitcoin. The price is still showing positive signs and could clear the $2.550 resistance. XRP price gained over 4% and rallied above the $2.450 zone. The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. There was a break&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-2337","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\/2337","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=2337"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2338"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}