XRP Price Next Chapter Could Be A Strong Move To The Upside
Analysis
Price Impact
HighThe article indicates a potential strong upward move for xrp, citing technical indicators and price action. a clear break above $1.20 could trigger significant buying pressure.
Trustworthiness
MedPrice Direction
BullishThe article highlights several bullish signals: xrp trading above key moving averages, a bullish trend line, and price action above recent resistance levels. the stated target is above $1.20, with potential further upside if this level is breached.
Time Effect
ShortThe analysis focuses on hourly charts and immediate price action (e.g., 'might aim for more gains above the $1.20 zone'), suggesting the potential move could occur 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 $1.1650. The price is now consolidating gains and might aim for more gains above the $1.20 zone. XRP price started a steady increase above the $1.150 zone. The price is now trading above $1.160 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $0.140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.20. XRP Price Aims for Fresh Increase XRP price started a fresh upward move above $1.1450 and $1.150, like Bitcoin and Ethereum . The price gained pace for a clear move above the $1.1680 resistance. The bulls even pumped the price toward the $1.1880 zone. A high was formed at $1.1926, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $1.0879 swing low to the $1.1926 high. The price is now trading above $1.180 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $0.140 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 $1.1920 level. The first major resistance is near the $1.1950 level, above which the price could rise and test $1.20. A clear move above the $1.20 resistance might send the price toward the $1.2150 resistance. Any more gains might send the price toward the $1.2220 resistance. The next major hurdle for the bulls might be near $1.2250. Downside Correction? If XRP fails to clear the $1.20 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.1680 level. The next major support is near the $1.1550 level. If there is a downside break and a close below the $1.1550 level, the price might continue to decline toward $1.1400, the trend line, and the 50% Fib retracement level of the upward move from the $1.0879 swing low to the $1.1926 high. The next major support sits near the $1.1280 zone, below which the price could continue lower toward $1.1120. The main support could be $1.080. 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 – $1.1680 and $1.1400. Major Resistance Levels – $1.1920 and $1.2000.