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{"id":633937,"date":"2024-08-08T04:28:08","date_gmt":"2024-08-08T04:28:08","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=633937"},"modified":"2024-08-08T04:03:50","modified_gmt":"2024-08-08T04:03:50","slug":"xrp-price-rallies-0-640","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/analysis\/xrp\/xrp-price-rallies-0-640\/","title":{"rendered":"XRP Price Rallies 25%: Can This Breakout Continue?"},"content":{"rendered":"

XRP price started a major increase above $0.500 after court\u2019s ruling. The price is up over 25% and eyes more upsides above the $0.640 resistance.<\/em><\/p>\n

\n
XRP price started a strong increase above the $0.500 and $0.550 levels.<\/li>\n
The price is now trading above $0.5880 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $0.5280 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise if it clears the $0.640 resistance zone.<\/li>\n<\/ul>\n
XRP Price Starts Fresh Surge<\/h2>\n
XRP price formed a base above $0.450 and started a major increase beating Ethereum<\/a> and Bitcoin<\/a>. The price was able to surpass the $0.5150 and $0.550 resistance levels.<\/p>\n
It gained over 25% and broke many hurdles near the $0.600 level. A high was formed at $0.6473 and the price recently corrected some gains. There was a move below the $0.600 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.4922 swing low to the $0.6477 high.<\/p>\n
However, the bulls are active near $0.5880. It is still trading above $0.600 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $0.6250 level.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first major resistance is near the $0.6350 level. The next key resistance could be $0.640. A clear move above the $0.640 resistance might send the price toward the $0.6550 resistance. The next major resistance is near the $0.6880 level. Any more gains might send the price toward the $0.700 resistance or even $0.720 in the near term.<\/p>\n
Are Dips Supported?<\/h2>\n
If XRP fails to clear the $0.620 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 level. The next major support is at $0.5880.<\/p>\n
If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.570 support or the 50% Fib retracement level of the upward move from the $0.4922 swing low to the $0.6477 high. The next major support sits at $0.540.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.600 and $0.5880.<\/p>\n
Major Resistance Levels \u2013 $0.6200 and $0.6400.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price started a major increase above $0.500 after court\u2019s ruling. The price is up over 25% and eyes more upsides above the $0.640 resistance. XRP price started a strong increase above the $0.500 and $0.550 levels. The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5280 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.640 resistance zone. XRP Price Starts Fresh Surge XRP price formed a base above $0.450 and started a major increase beating Ethereum and Bitcoin. The price was able to surpass the $0.5150 and $0.550 resistance levels. It gained over 25% and broke many hurdles near the $0.600 level. A high was formed at $0.6473 and the price recently corrected some gains. There was a move below the $0.600 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.4922 swing low to the $0.6477 high. However, the bulls are active near $0.5880. It is still trading above $0.600 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $0.6250 level. The first major resistance is near the $0.6350 level. The next key resistance could be $0.640. A clear move above the $0.640 resistance might send the price toward the $0.6550 resistance. The next major resistance is near the $0.6880 level. Any more gains might send the price toward the $0.700 resistance or even $0.720 in the near term. Are Dips Supported? If XRP fails to clear the $0.620 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 level. The next major support is at $0.5880. If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.570 support or the 50% Fib retracement level of the upward move from the $0.4922 swing low to the $0.6477 high. The next major support sits at $0.540. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.600 and $0.5880. Major Resistance Levels \u2013 $0.6200 and $0.6400.<\/p>\n","protected":false},"author":67,"featured_media":633939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-633937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Rallies 25%: Can This Breakout Continue?<\/title>\n<meta name=\"description\" content=\"XRP price started a major increase above $0.500 after court\u2019s ruling. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/shenyangcang.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Rallies 25%: Can This Breakout Continue?","url":"http:\/\/shenyangcang.com\/analysis\/xrp\/xrp-price-rallies-0-640\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/analysis\/xrp\/xrp-price-rallies-0-640\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/XRP-Breakout.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/XRP-Breakout.jpg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-08-08T04:28:08Z","datePublished":"2024-08-08T04:28:08Z","dateModified":"2024-08-08T04:28:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Rallies 25%: Can This Breakout Continue?\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/analysis\\\/xrp\\\/xrp-price-rallies-0-640\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/analysis\\\/xrp\\\/xrp-price-rallies-0-640\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Breakout.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Breakout.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-08-08T04:28:08Z\",\"datePublished\":\"2024-08-08T04:28:08Z\",\"dateModified\":\"2024-08-08T04:28:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/XRP-Breakout.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/633937"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=633937"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/633937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/633939"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=633937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=633937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=633937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}