{"id":170493,"date":"2023-10-08T19:45:01","date_gmt":"2023-10-08T14:15:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-xrp-price-ready-to-surpass-0-55-barrier-crypto-news\/"},"modified":"2023-10-08T19:45:05","modified_gmt":"2023-10-08T14:15:05","slug":"is-xrp-price-ready-to-surpass-0-55-barrier-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-xrp-price-ready-to-surpass-0-55-barrier-crypto-news\/","title":{"rendered":"Is XRP Price Ready To Surpass $0.55 Barrier? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-161020\">\n<p>\nThe formation of an ascending triangle pattern hints the XRP price is poised for a significant upswing; when should you enter?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/bP18h17z-e1696774111143.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 8 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/&#038;text=Is XRP Price Ready To Surpass $0.55 Barrier?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">During the recent crypto market downturn, the XRP price <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bullish-pattern-hints-xrp-price-rally-to-0-6\/\">experienced its fourth pullback<\/a> from the notable resistance at $0.55 on October 3rd. This setback resulted in a decline of 5.21% over the past 5 days, positioning the coin at the current trendline price of $0.52. Delving into the daily chart insights, this modest retracement falls squarely within the confines of an ascending triangle pattern. Here\u2019s how this setup could impact the near future trend of the fifth-largest cryptocurrency.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/whale-dumps-14-mln-xrp-despite-ripple-latest-wins\/\">Whale Dumps $14 Mln XRP Despite Ripple\u2019s Latest Wins<\/a><\/p>\n<h2><b>Bullish Pattern Hints Rally above $0.55<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The $0.55 level stands as a formidable batten against crypto buyers<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The triangle pattern assists the XRP price in regaining bullish momentum<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in the XRP is $619 Million, indicating a 13% loss<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP price\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/bP18h17z.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/bP18h17z.png\" alt=\"XRP price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source: <\/span><span style=\"font-weight: 400\">Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the past two months, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\">XRP price<\/a> has grappled with steadfast resistance at $0.55, evident from the four unsuccessful bids to breach this threshold. The recurring rejection candles at this juncture underscore the intense defensive stance of sellers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Yet, the silver lining here is the steadily ascending support trendline, acting as a bulwark against deeper price plunges. This dual interplay sketches out the formation of an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/ascending-triangle\/\">ascending triangle<\/a> \u2013 a potential bullish continuation pattern.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">As the XRP price navigates towards the triangle\u2019s lower trendline, the buyers could reignite latent bullish enthusiasm, propelling the coin upward and maintaining its ongoing lateral movement.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Anyhow, under the influence of the triangle pattern, the coin price is more likely to break above the $0.55 barrier as it signals an upcoming recovery, the post-breakout rally could propel the XRP price 9.5% to touch an early target of $0.6, followed by the next significant resistance of $0.663.<\/span><\/p>\n<h2><b>XRP vs BTC Performance<\/b><\/h2>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-161022 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP vs BTC\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-08_19-37-29-e1696774307265.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-161022 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-08_19-37-29-e1696774307265.png\" alt=\"XRP vs BTC\" width=\"1200\" height=\"675\"\/><\/noscript>Source: Coingape| XRP Vs Bitcoin Price<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">In a comparative analysis, the XRP and Bitcoin price has traged majorly sideways since mid-August 2023. However, with a closer look, it seems the BTC price is initiating a gradual recovery as it surpassed its last swing high of around 27,360 marks, However, the XRP price is still struggling to overcome the $0.55 barrier which creates some doubts about investment decisions.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Supertrend:\u00a0 <\/b><span style=\"font-weight: 400\">In the daily chat, this indicator started projecting a green film reflecting the increasing bullish momentum.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Moving Average Convergence Divergence. <\/b><span style=\"font-weight: 400\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a> and a signal line going flat at the neutral level accentuate a sideways movement in the XRP price.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/&#038;text=Is XRP Price Ready To Surpass $0.55 Barrier?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/is-xrp-price-ready-to-surpass-0-55-barrier\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA161020\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD161020\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The formation of an ascending triangle pattern hints the XRP price is poised for a significant upswing; when should you enter? Published 8 seconds ago During the recent crypto market downturn, the XRP price experienced its fourth pullback from the notable resistance at $0.55 on October 3rd. This setback resulted in a decline of 5.21% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":170494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-170493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=170493"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170493\/revisions"}],"predecessor-version":[{"id":170495,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170493\/revisions\/170495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/170494"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=170493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=170493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=170493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}