{"id":2435,"date":"2024-06-06T04:08:30","date_gmt":"2024-06-06T04:08:30","guid":{"rendered":"https:\/\/cryptd.in\/xrp-price-faces-hurdles-will-it-overcome-the-obstacles\/"},"modified":"2024-06-06T04:08:30","modified_gmt":"2024-06-06T04:08:30","slug":"xrp-price-faces-hurdles-will-it-overcome-the-obstacles","status":"publish","type":"post","link":"https:\/\/cryptd.in\/es\/xrp-price-faces-hurdles-will-it-overcome-the-obstacles\/","title":{"rendered":"XRP Price Faces Hurdles: Will It Overcome the Obstacles?"},"content":{"rendered":"

XRP price is slowly moving higher above the $0.5200 zone. It is now facing hurdles near $0.5320 and might correct lower in the near term.<\/em><\/p>\n

XRP is attempting a fresh increase above the $0.5250 zone.
\nThe price is now trading above $0.5220 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $0.5260 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could correct lower toward the $0.5220 support before the bulls appear again.<\/p>\n

XRP Price Gains Traction<\/h2>\n

XRP price remained well-supported above the $0.5120 zone and extended its increase like Bitcoin<\/a> y Ethereum<\/a>. The price was able to clear the $0.5200 and $0.5250 levels.<\/p>\n

There was a clear move above the $0.5300 resistance and the price tested the $0.5320 zone. A high was formed at $0.5325 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5325 high.<\/p>\n

There was also a break below a key bullish trend line with support at $0.5260 on the hourly chart of the XRP\/USD pair. The pair is now trading above $0.5220 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price is facing resistance near the $0.5200 level. The first key resistance is near $0.5320. The next major resistance is near the $0.5350 level. A close above the $0.5350 resistance zone could send the price higher. The next key resistance is near $0.550.<\/p>\n

<\/a><\/p>\n

If there is a close above the $0.550 resistance level, there could be a steady increase toward the $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $0.5350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5260 level.<\/p>\n

The next major support is at $0.5200 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5325 high. If there is a downside break and a close below the $0.520 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.5120 support in the near term.<\/p>\n

Indicadores t\u00e9cnicos<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.5260 and $0.5220.<\/p>\n

Major Resistance Levels \u2013 $0.5300 and $0.5320.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is slowly moving higher above the $0.5200 zone. It is now facing hurdles near $0.5320 and might correct lower in the near term. XRP is attempting a fresh increase above the $0.5250 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There was a break below a key […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2435","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"\nXRP Price Faces Hurdles: Will It Overcome the Obstacles? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/es\/xrp-price-faces-hurdles-will-it-overcome-the-obstacles\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Faces Hurdles: Will It Overcome the Obstacles? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"XRP price is slowly moving higher above the $0.5200 zone. 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