{"id":179811,"date":"2023-10-24T06:45:14","date_gmt":"2023-10-24T01:15:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179811"},"modified":"2023-10-24T06:45:14","modified_gmt":"2023-10-24T01:15:14","slug":"xrp-pumps-12-8-as-bulls-make-a-strong-case-for-breakout-past-0-55-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-pumps-12-8-as-bulls-make-a-strong-case-for-breakout-past-0-55-crypto-news\/","title":{"rendered":"XRP pumps 12.8% as bulls make a strong case for breakout past $0.55 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>XRP has strong short-term bullish momentum and sentiment<\/em><\/li>\n<li><em>The daily chart also reflected bullishness, but the $0.55 level was critical<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/ripple\" data-wpel-link=\"internal\">Ripple [XRP]<\/a> posted impressive gains over the last week following <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/bitcoin\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC]<\/a> move past the $30k mark. Comparisons between the XRPL Ledger and the Bitcoin Lightning Network came to the fore over the weekend. You can learn more <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/is-ripples-xrpl-superior-to-bitcoins-lightning-network\/\" data-wpel-link=\"internal\">here<\/a>.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/ripple-profit-calculator\" data-wpel-link=\"internal\">XRP Profit Calculator<\/a><\/p>\n<hr \/>\n<p>On the price action front, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/xrp-surges-toward-range-high-time-to-go-long\/\" data-wpel-link=\"internal\">AMBCrypto<\/a> highlighted that a move past the $0.5 psychological level could be immense for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/xrp\" data-wpel-link=\"internal\">XRP<\/a> bulls. But we still haven\u2019t seen the $0.55 resistance cleared. Can the bulls make it happen this week?<\/p>\n<h4>The resistance zone from August stands in the way of XRP bulls<\/h4>\n<div id=\"attachment_353116\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-price-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353116\" class=\"size-full wp-image-353116\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-price-1.png\" alt=\"XRP pushes toward range highs amidst bullish sentiment across the crypto space\" width=\"1940\" height=\"1099\" \/><\/a><\/p>\n<p id=\"caption-attachment-353116\" class=\"wp-caption-text\">Source: XRP\/UDST on TradingView<\/p>\n<\/div>\n<p>The one-day chart of XRP noted a bullish market structure developed over the past ten days. Yet, the importance of the local highs at the $0.55 level can not be underestimated. There was a bearish order block (red box) at the $0.513-$0.55 region from late August.<\/p>\n<p>XRP traders also established a range (orange) that stretched from $0.47 to $0.55. The mid-range level was at $0.51 and has been tested several times as both support and resistance. This fact added to the credibility of the range.<\/p>\n<p>The Relative Strength Index (RSI) was able to climb above neutral 50 and indicated bullish momentum was gathering strength. The Directional Movement Index (DMI) also signaled a significant uptrend in progress as the Average Directional Index (ADX) (yellow) rose past the 20 mark. On the other hand, the On-Balance Volume (OBV) was yet to scale the local resistance, which suggested buying volume was underwhelming in recent weeks.<\/p>\n<h4>The short-term demand was positive and accumulation reflected investor confidence<\/h4>\n<div id=\"attachment_353117\" style=\"width: 3850px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353117\" class=\"size-full wp-image-353117\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"XRP pushes toward range highs amidst bullish sentiment across the crypto space\" width=\"3840\" height=\"1300\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 3840px) 100vw, 3840px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353117\" class=\"size-full wp-image-353117\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-santiment-1.png\" alt=\"XRP pushes toward range highs amidst bullish sentiment across the crypto space\" width=\"3840\" height=\"1300\" \/><\/a><\/p>\n<p id=\"caption-attachment-353117\" class=\"wp-caption-text\">Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/s\/CtsiudbT\" data-wpel-link=\"external\">Santiment<\/a><\/p>\n<\/div>\n<p>Contrary to the OBV, the mean coin age has trended higher since early September. This was a sign that XRP tokens did not see much movement between addresses and that holders were likely accumulating.<\/p>\n<p>The Market Value to Realized Value (MVRV) token was negative, and a push into the positive territory could see some profit-taking activity from holders. The dormant circulation highlighted a lack of intense selling in October and was a metric traders could keep an eye on.<\/p>\n<div id=\"attachment_353114\" style=\"width: 1912px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353114\" class=\"size-full wp-image-353114\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"XRP pushes toward range highs amidst bullish sentiment across the crypto space\" width=\"1902\" height=\"1040\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze.png 1902w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze-300x164.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze-1024x560.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze-768x420.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze-1536x840.png 1536w\" data-lazy-sizes=\"(max-width: 1902px) 100vw, 1902px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353114\" class=\"size-full wp-image-353114\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PP-2-XRP-coinalyze.png\" alt=\"XRP pushes toward range highs amidst bullish sentiment across the crypto space\" width=\"1902\" height=\"1040\" \/><\/a><\/p>\n<p id=\"caption-attachment-353114\" class=\"wp-caption-text\">Source:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinalyze.net\/ripple\/open-interest\/\" data-wpel-link=\"external\"> Coinalyze<\/a><\/p>\n<\/div>\n<p>The spot Cumulative Volume Delta (CVD) saw a downtrend from 20 October to 22 October while prices shot higher. This was worrisome for the bulls, but the CVD saw a bounce in recent hours. Meanwhile, the Open Interest and the price trended higher. This called attention to the strong bullish sentiment in the futures market in the near term.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, here\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">XRP\u2019s market cap in BTC\u2019s<\/a> terms<\/p>\n<hr \/>\n<p>A move to $0.55 appeared likely. A breakout past this level and a subsequent retest could be used to enter long positions. The next major resistance levels were at $0.585 and $0.667.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. XRP has strong short-term bullish momentum and sentiment The daily chart also reflected bullishness, but the $0.55 level was critical Ripple [XRP] posted impressive gains over the last week following Bitcoin\u2019s [BTC] move past [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":179812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179811","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=179811"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179811\/revisions"}],"predecessor-version":[{"id":179814,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179811\/revisions\/179814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179812"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}