XRP Price Above $1.50 Could Flip Sentiment And Fuel Recovery
Analysis
Price Impact
HighA sustained move above $1.50 is stated to 'flip sentiment and fuel recovery,' indicating a significant shift in market perception and price action for xrp.
Trustworthiness
HighThe source emphasizes strict editorial policy, industry expertise, meticulous review, and adherence to the highest standards in reporting, which builds strong credibility.
Price Direction
BullishXrp is in a recovery wave, trading above key averages, and technical indicators (hourly macd and rsi) show bullish momentum. while it faces strong resistance at $1.50, the potential for a breakout and sentiment flip is highlighted, suggesting an upward bias if the hurdle is cleared.
Time Effect
ShortThe analysis focuses on hourly chart data, immediate resistance/support levels ($1.40, $1.50, $1.5150), and short-term price movements, indicating a short-term outlook.
Original Article:
Article Content:
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a recovery wave above $1.50 but failed near $1.9250. The price is now consolidating and might aim for a fresh move above $1.50. XRP price started a recovery wave above the $1.420 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.50. XRP Price Faces Key Hurdle XRP price remained supported above $1.20 and started a recovery wave, like Bitcoin and Ethereum . The price was able to climb above $1.250 and $1.320 to enter a short-term positive zone. There was also a move above the 50% Fib retracement level of the downward move from the $1.6320 swing high to the $1.1356 low. The bulls even pushed the price above $1.45 but they struggled to keep the price above $1.50. Besides, there is a bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.4550 level. The first major resistance is near the $1.4660 level. A close above $1.4660 could send the price to $1.50. Source: XRPUSD on TradingView.com The next hurdle sits at $1.5150 or the 76.4% Fib retracement level of the downward move from the $1.6320 swing high to the $1.1356 low. A clear move above the $1.5150 resistance might send the price toward the $1.620 resistance. Any more gains might send the price toward the $1.650 resistance. Another Drop? If XRP fails to clear the $1.50 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.40 level. The next major support is near the $1.3850 level. If there is a downside break and a close below the $1.3850 level, the price might continue to decline toward $1.330. The next major support sits near the $1.320 zone, below which the price could continue lower toward $1.250. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.40 and $1.3850. Major Resistance Levels – $1.50 and $1.5150.