{"id":182397,"date":"2023-10-27T22:21:32","date_gmt":"2023-10-27T16:51:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182397"},"modified":"2023-10-27T22:21:32","modified_gmt":"2023-10-27T16:51:32","slug":"xrp-reaches-0-55-again-will-a-breakout-occur-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-reaches-0-55-again-will-a-breakout-occur-crypto-news\/","title":{"rendered":"XRP reaches $0.55 again &#8211; Will a breakout occur? &#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 rallied to the range high of $0.55 but a breakout was yet to happen.<\/em><\/li>\n<li><em>Demand in the futures market showed growing bullish sentiment in the near term.<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/XRP\" data-wpel-link=\"internal\">Ripple [XRP]<\/a> struggled to break above the range high, as the altcoin continued to trade between $0.46 to $0.55. Over the past week, buyers rallied to push past the mid-range point with 9.3% gains, taking XRP to the range high.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, here\u2019s\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">XRP\u2019s market cap in BTC<\/a>\u00a0terms<\/p>\n<hr \/>\n<p>However, the selling pressure at the $0.55 price zone has prevented a breakout thus far. In the wider crypto market, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> continued to trade above $34k with solid demand sustaining the bullish sentiment.<\/p>\n<h4><strong>Bulls attempt to break above $0.55 bearish blocker<\/strong><\/h4>\n<div id=\"attachment_354116\" style=\"width: 1982px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRPUSDT_2023-10-27_09-50-37.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354116\" class=\"wp-image-354116 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRPUSDT_2023-10-27_09-50-37.png\" alt=\"Ripple XRP price chart\" width=\"1972\" height=\"1084\" \/><\/a><\/p>\n<p id=\"caption-attachment-354116\" class=\"wp-caption-text\">Source: XRP\/USDT on Trading View<\/p>\n<\/div>\n<p>The 12H timeframe showed that bulls had found the $0.55 price hurdle a tough level to scale. This was evident in the bearish rejections at the price level on 29 September and 3 October.<\/p>\n<p>The presence of a bearish order block (OB) at the $0.55 price zone has limited the bullish rally with pricing ranging at the level over the past 48 hours.<\/p>\n<p>Despite the bearish activity at $0.55, the chart indicators pointed to growing bullish momentum. The Relative Strength Index (RSI) trended just at the overbought zone, highlighting the strong buying pressure.<\/p>\n<p>In addition, the Chaikin Money Flow was positive, hinting at good capital inflows while the uptick in the On Balance Volume (OBV) suggested growing buying volume in recent days.<\/p>\n<p>Thus, the buying pressure could result in buyers clearing the bearish order block with short-term profit targets at $0.6 to $0.65 price levels.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check the\u00a0<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<h4><strong>Short-term demand for XRP revealed by longs dominance in the futures market<\/strong><\/h4>\n<div id=\"attachment_354117\" style=\"width: 1029px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354117\" class=\"wp-image-354117 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1019\" height=\"574\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short.jpg 1019w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short-300x169.jpg 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short-768x433.jpg 768w\" data-lazy-sizes=\"(max-width: 1019px) 100vw, 1019px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short.jpg\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354117\" class=\"wp-image-354117 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP_Long_Short.jpg\" alt=\"\" width=\"1019\" height=\"574\" \/><\/a><\/p>\n<p id=\"caption-attachment-354117\" class=\"wp-caption-text\">Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LongShortRatio\" data-wpel-link=\"external\">Coinglass<\/a><\/p>\n<\/div>\n<p>The four-hour timeframe of the long\/short ratio showed the rising bullish demand, as buyers bid to scale the $0.55 price hurdle. As of press time, longs were in the majority, holding 51.21% of the open contract positions.<\/p>\n<p>This highlighted the bullish sentiment in the near term. Consequently, a move above $0.55 appears likely with a candle close above the range high providing further long opportunities.<\/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 rallied to the range high of $0.55 but a breakout was yet to happen. Demand in the futures market showed growing bullish sentiment in the near term. Ripple [XRP] struggled to break above [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":182398,"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-182397","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\/182397","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=182397"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182397\/revisions"}],"predecessor-version":[{"id":182400,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182397\/revisions\/182400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182398"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}