XRP price is slowly moving higher above the $0.6320 support zone. The price tested the $0.7450 zone and is currently correcting gains.
XRP price remained supported above the $0.600 level. It formed a base and started a fresh increase above $0.6200. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.6320 resistance.
The price even climbed above the $0.7320 level before the bears appeared. A high was formed at $0.7488 before there was a pullback. The price dipped below $0.7200 and tested $0.700. It tested the 50% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high.
The price is now trading above $0.6320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance near the $0.7220 level. The first major resistance is near the $0.7480 level. The next key resistance could be $0.7550. A clear move above the $0.7550 resistance might send the price toward the $0.7780 resistance.
Any more gains might send the price toward the $0.7950 resistance or even $0.800 in the near term. The next major hurdle might be $0.8220.
If XRP fails to clear the $0.7220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6820 level. The next major support is near the $0.6670 level and the 76.4% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high.
If there is a downside break and a close below the $0.6670 level, the price might continue to decline toward the $0.6160 support in the near term. The next major support sits near the $0.600 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $0.6820 and $0.6670.
Major Resistance Levels – $0.7220 and $0.7450.
Go to Source
Author: coinmaker
Mark Zuckerberg’s Meta AI predicts the top 3 ZK-based cryptocurrencies for 2027. Zero-knowledge technology is…
Dogecoin (DOGE USD price) is currently trading in a quiet, almost forgotten range near multi-month…
Key Highlights ZEC declined 7.1% to $1,171.80 on November 10, with a market capitalization of…
AI SummaryShowIranian individuals accessed over 1,500 Binance accounts, exposing them to sanctions risks and potential…
Key Highlights Elliptic identified a laundering technique involving six newly created meme tokens on the…
Key Highlights Mercado Bitcoin began restoring customer logins on November 9, with access expected to…
This website uses cookies.
Read More