XRP Price Regains Grip, Bulls Target Fresh Upside Extension
Analysis
Price Impact
MedThe article suggests xrp is regaining momentum and targeting further upside extensions, which could lead to a moderate price increase if resistance levels are broken. however, the analysis is based on hourly charts, indicating short-to-medium term potential rather than a dramatic shift.
Trustworthiness
MedPrice Direction
BullishThe article explicitly states 'xrp price regains grip, bulls target fresh upside extension' and details potential upward movements towards $1.42, $1.4350, and $1.45 if key resistance levels are overcome. this indicates a bullish short-term outlook.
Time Effect
ShortThe analysis focuses on hourly charts and immediate price movements ('started a steady increase', 'might aim for more gains', 'could continue to move up'), suggesting the price effects are likely to manifest in the short term.
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 steady increase above $1.40. The price is now consolidating gains and might aim for more gains above the $1.4120 zone. XRP price started a steady increase above the $1.4080 zone. The price is now trading above $1.4040 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.4220. XRP Price Aims for Fresh Increase XRP price started a fresh upward move above $1.3980 and $1.40, like Bitcoin and Ethereum . The price gained pace for a clear move above the $1.4150 resistance. The bulls even pumped the price toward the $1.4220 zone. A high was formed at $1.4215, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $1.3460 swing low to the $1.4215 high. The price is now trading above $1.4040 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $1.40 on the hourly chart of the XRP/USD pair. Source: XRPUSD on TradingView.com If there is a fresh upward move, the price might face resistance near the $1.420 level. The first major resistance is near the $1.4220 level, above which the price could rise and test $1.4350. A clear move above the $1.4350 resistance might send the price toward the $1.450 resistance. Any more gains might send the price toward the $1.4740 resistance. The next major hurdle for the bulls might be near $1.50. Downside Correction? If XRP fails to clear the $1.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.40 level and the trend line. The next major support is near the $1.3840 level and the trend line or the 50% Fib retracement level of the upward move from the $1.3460 swing low to the $1.4215 high. If there is a downside break and a close below the $1.3840 level, the price might continue to decline toward $1.3650. The next major support sits near the $1.350 zone, below which the price could continue lower toward $1.3250. The main support could be $1.3120. 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 – $1.4000 and $1.3840. Major Resistance Levels – $1.4200 and $1.4500.