{"id":181357,"date":"2023-10-26T12:36:10","date_gmt":"2023-10-26T07:06:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181357"},"modified":"2023-10-26T12:36:10","modified_gmt":"2023-10-26T07:06:10","slug":"xrp-price-prediction-bulls-could-take-advantage-of-price-dip-to-restart-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-prediction-bulls-could-take-advantage-of-price-dip-to-restart-rally-crypto-news\/","title":{"rendered":"XRP Price Prediction \u2013 Bulls Could Take Advantage Of Price Dip To Restart Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>XRP price is correcting gains from the $0.585 resistance against the US Dollar. The bulls are active near $0.550 and might soon initiate a new rally.<\/em><\/p>\n<ul>\n<li>XRP started a strong increase above the $0.55 resistance.<\/li>\n<li>The price is now trading above $0.525 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might correct further lower, but the bulls could remain active near $0.5320.<\/li>\n<\/ul>\n<h2>XRP Price Holds Ground<\/h2>\n<p>After forming a base above the $0.478 level, XRP started a fresh increase. The recent pump in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-targets-fresh-highs-35k\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-restarts-increase-1825\/\">Ethereum<\/a> also dragged XRP higher. The price gained pace after it broke the $0.525 resistance.<\/p>\n<p>There was a move above the $0.550 and $0.565 resistance levels. Finally, it traded to a new multi-week high at $0.5859. Recently, there was a downside correction below the $0.575 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4778 swing low to the $0.5859 high.<\/p>\n<p>The price is now trading above $0.525 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP\/USD pair.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/XRP_Price-4.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\">XRPUSD on TradingView.com<\/a><\/p>\n<p>On the upside, immediate resistance is near the $0.563 level. A close above the $0.563 level could send the price toward the $0.585 resistance. If the bulls remain in action above the $0.585 resistance level, there could be a drift toward the $0.620 resistance. Any more gains might send XRP toward the $0.645 resistance.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If XRP fails to clear the $0.563 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5520 zone and the trend line.<\/p>\n<p>The next major support is at $0.532 or the 50% Fib retracement level of the upward move from the $0.4778 swing low to the $0.5859 high. If there is a downside break and a close below the $0.532 level, The price might accelerate lower. In the stated case, the price could retest the $0.505 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.552, $0.532, and $0.505.<\/p>\n<p>Major Resistance Levels \u2013 $0.563, $0.585, and $0.620.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is correcting gains from the $0.585 resistance against the US Dollar. The bulls are active near $0.550 and might soon initiate a new rally. XRP started a strong increase above the $0.55 resistance. The price is now trading above $0.525 and the 100 simple moving average (4 hours). There is a key bullish [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":181358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-181357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181357","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=181357"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181357\/revisions"}],"predecessor-version":[{"id":181359,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181357\/revisions\/181359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181358"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}