- XRP price is gaining pace above the $0.65 support against the US dollar.
- The price is now trading above $0.65 and the 55 simple moving average (4 hours).
- There is a key bullish trend line forming with support near $0.638 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
- The pair could extend its increase above the $0.70 resistance zone.
XRP price is rising above $0.65 against the US Dollar, like Bitcoin. The price must stay above $0.625 to continue higher in the near term.
XRP Price Analysis
In the past few days, XRP price saw a strong increase above the $0.55 resistance against the US Dollar. It climbed above the $0.625 resistance zone to move into a positive zone.
The price gathered pace and climbed above the $0.650 resistance zone. The pair even surged toward the $0.688 resistance zone. A high is formed near $0.6885 and the price is now consolidating gains. It is trading nicely above the 23.6% Fib retracement level of the upward move from the $0.5886 swing low to the $0.6885 high.
XRP price is now trading above $0.65 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near $0.688. The next major resistance is near the $0.70 level.
The main resistance is now forming near the $0.720 zone. A clear move above the $0.700 and $0.720 levels might start a steady increase. In the stated case, the price could test the $0.750 resistance.
Any more gains might send the price toward the $0.80 resistance. Initial support on the downside is near the $0.665 level. The next major support is near the $0.650 level, below which the price could gain bearish momentum toward the $0.635 support.
There is also a key bullish trend line forming with support near $0.638 on the 4-hour chart of the XRP/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $0.5886 swing low to the $0.6885 high. Any more losses could lead the price toward the $0.625 level.
Looking at the chart, XRP price is now trading above the $0.650 zone and the 55 simple moving average (4 hours). Overall, the price could start another increase if it stays above $0.700.
Technical indicators
4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level.
Key Support Levels – $0.6650, $0.6500, and $0.6350.
Key Resistance Levels – $0.7000 and $0.7500.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.livebitcoinnews.com/xrp-price-analysis-rally-could-extend-toward-0-75/
- :is
- 23
- 50
- 521
- 7
- 70
- 700
- 7000
- 75
- 750
- 80
- a
- above
- against
- also
- analysis
- and
- Another
- any
- At
- average
- bearish
- Bearish Momentum
- below
- Bitcoin
- Bitcoin News
- Bullish
- case
- Chart
- clear
- Climbed
- consolidating
- continue
- could
- data
- Days
- Dollar
- downside
- Even
- extend
- facing
- few
- For
- formed
- from
- Gain
- gaining
- Gains
- gathered
- High
- higher
- HOURS
- HTTPS
- if
- in
- Increase
- index
- initial
- into
- IT
- ITS
- Key
- Kraken
- lead
- Level
- levels
- like
- Line
- live
- Live Bitcoin News
- losses
- Low
- MACD
- Main
- major
- max-width
- might
- Momentum
- more
- move
- moving
- moving average
- must
- Near
- news
- next
- now
- of
- on
- overall
- Pace
- pair
- past
- plato
- Plato Data Intelligence
- PlatoData
- positive
- price
- Price Analysis
- rally
- relative
- relative strength index
- Resistance
- retracement
- rising
- rsi
- saw
- send
- Simple
- Source
- start
- stated
- stay
- steady
- strength
- support
- support levels
- Surged
- Swing
- term
- test
- The
- to
- toward
- Trading
- TradingView
- Trend
- Upside
- upward
- us
- US Dollar
- which
- with
- xrp
- XRP Price
- XRP price analysis
- XRP/USD
- zephyrnet