CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
NewsBTC 2024-06-25 03:58:22

XRP Price Targets Strong Recovery: Key Indicators and Predictions

XRP price extended losses and tested the $0.4620 support. The price is now recovering and might gain bullish momentum if it clears the $0.4825 resistance. XRP price remained in a bearish zone and tested the $0.4620 support zone. The price is now trading below $0.4820 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4785 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover steadily if there is a move above $0.4800 and $0.4820. XRP Price Forms Support XRP price failed to clear the $0.4820 resistance zone and started another decline like Bitcoin and Ethereum. There was a move below the $0.480 and $0.4750 levels. The price even spiked below $0.4650. However, the bulls were active near $0.4620. A low was formed at $0.4619 and the price is now recovering losses. There was an upward move above the $0.4680 and $0.4720 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $0.4885 swing high to the $0.4619 low. It is now trading below $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4780 level. There is also a key bearish trend line forming with resistance at $0.4785 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.4885 swing high to the $0.4619 low. The first major resistance is near the $0.4825 level. A clear move above the $0.4825 resistance might send the price toward the $0.4880 resistance. The next major resistance is near the $0.500 level. A close above the $0.500 resistance zone could send the price higher. The next key resistance is near $0.5250. Any more gains might send the price toward the $0.5500 resistance. Another Decline? If XRP fails to clear the $0.4825 resistance zone, it could start another decline. Initial support on the downside is near the $0.4680 level. The next major support is at $0.4620. If there is a downside break and a close below the $0.4620 level, the price might decline further. In the stated case, the price could even trade below the $0.450 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4680 and $0.4620. Major Resistance Levels – $0.4800 and $0.4825.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta