Saturday, June 28, 2025
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • Altcoin
  • More
    • Ethereum
    • DeFi
    • XRP
    • Dogecoin
    • NFTs
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
Finance Bitcoin
Shop
No Result
View All Result
Finance Bitcoin
No Result
View All Result
Home Market & Analysis

XRP Price Reclaims Momentum: Is a Bigger Rally Ahead?

by n70products
December 17, 2024
in Market & Analysis
0
XRP Price Reclaims Momentum: Is a Bigger Rally Ahead?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


XRP worth began a recent improve from the $2.320 zone. The worth is now rising and may quickly goal for a transfer above the $2.55 resistance.

  • XRP worth began a recent improve above the $2.35 zone.
  • The worth is now buying and selling above $2.40 and the 100-hourly Easy Transferring Common.
  • There was a break above a connecting bearish pattern line with resistance at $2.44 on the hourly chart of the XRP/USD pair (information supply from Kraken).
  • The pair may begin one other improve if it clears the $2.525 resistance.

XRP Worth Regains Traction

XRP worth began a good upward transfer above the $2.40 stage, like Bitcoin and Ethereum. There was a transfer above the $2.45 and $2.50 resistance ranges.

There was a break above a connecting bearish pattern line with resistance at $2.44 on the hourly chart of the XRP/USD pair. The worth even spiked above $2.550 earlier than the bears appeared. A excessive was fashioned at $2.5870 and the value is now consolidating beneficial properties.

There was a minor decline beneath $2.5250. The worth dipped and examined the 50% Fib retracement stage of the upward transfer from the $2.3272 swing low to the $2.5870 excessive.

The worth is now buying and selling above $2.40 and the 100-hourly Easy Transferring Common. On the upside, the value may face resistance close to the $2.525 stage. The primary main resistance is close to the $2.550 stage. The subsequent resistance is $2.5850. A transparent transfer above the $2.5850 resistance may ship the value towards the $2.650 resistance.

XRP Price

Any extra beneficial properties may ship the value towards the $2.720 resistance and even $2.750 within the close to time period. The subsequent main hurdle for the bulls is perhaps $2.880.

One other Drop?

If XRP fails to clear the $2.525 resistance zone, it might begin one other decline. Preliminary help on the draw back is close to the $2.4550 stage. The subsequent main help is close to the $2.420 stage or the 61.8% Fib retracement stage of the upward transfer from the $2.3272 swing low to the $2.5870 excessive.

If there’s a draw back break and a detailed beneath the $2.420 stage, the value may proceed to say no towards the $2.320 help. The subsequent main help sits close to the $2.250 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for XRP/USD is now above the 50 stage.

Main Help Ranges – $2.4550 and $2.420.

Main Resistance Ranges – $2.5250 and $2.5850.



Source link

Tags: aheadBiggerMomentumPriceRallyreclaimsXRP
  • Trending
  • Comments
  • Latest
Liquidation Alert As High-Risk Loans On Aave Reach $1 Billion – Details

Liquidation Alert As High-Risk Loans On Aave Reach $1 Billion – Details

December 19, 2024
Slumping Memecoin Pepe Could Witness Nearly 50% Collapse, Warns Crypto Trader

Slumping Memecoin Pepe Could Witness Nearly 50% Collapse, Warns Crypto Trader

December 16, 2024
Devconnect Istanbul 2023 – A celebration of progress and the Ethereum community

Devconnect Istanbul 2023 – A celebration of progress and the Ethereum community

December 16, 2024
XRP Primed for 90% Rally to $1.2, According to Top Analyst

XRP Primed for 90% Rally to $1.2, According to Top Analyst

December 16, 2024
iStock 1252711675

Peter Schiff Questions True Agenda Behind MicroStrategy’s Bitcoin Acquisition

0
Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment

Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment

0
Migrate and modernize enterprise integration using IBM Cloud Pak for Integration with Red Hat OpenShift Service on AWS (ROSA)

Migrate and modernize enterprise integration using IBM Cloud Pak for Integration with Red Hat OpenShift Service on AWS (ROSA)

0
A16z Crypto Lawyer Unleashes Scathing Attack On US SEC, Spot Ethereum ETF In Danger?

A16z Crypto Lawyer Unleashes Scathing Attack On US SEC, Spot Ethereum ETF In Danger?

0
U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

June 28, 2025
Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

June 28, 2025
Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?

Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?

June 28, 2025
Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next

Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next

June 28, 2025

Recent News

U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

June 28, 2025
Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

June 28, 2025

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

  • U.S. stock Futures hit record highs – Could Bitcoin be next to break out?
  • Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money
  • Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?
  • Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next

© 2024 Finance Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • Altcoin
  • More
    • Ethereum
    • DeFi
    • XRP
    • Dogecoin
    • NFTs
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2024 Finance Bitcoin | All Rights Reserved

Go to mobile version