Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»XRP Price Prediction – Major Upside Reversal Could Trigger a New Surge
EXCHANGE NEWS

XRP Price Prediction – Major Upside Reversal Could Trigger a New Surge

By Crypto FlexsDecember 5, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Price Prediction – Major Upside Reversal Could Trigger a New Surge
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price is eyeing a significant upside reversal above the $0.650 resistance. A break above the $0.650 resistance could lead to a rebound towards $0.70.

  • XRP is slowly rising above the $0.612 level.
  • The price is currently trading above $0.615 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the XRP/USD pair (data source from Kraken), there was a breakout above the main descending channel with resistance near $0.618.
  • A break above the $0.645 and $0.650 resistance levels will initiate a new rally for the pair.

XRP Price Aims Higher

Over the past few days, XRP has formed a base above the $0.5880 pivot level. The price started to rise significantly above the $0.600 resistance, but failed to rebound like Bitcoin and Ethereum.

There was a move above the 23.6% Fib retracement level of the major decline from the $0.720 swing high to the $0.5720 swing low. Moreover, on the 4-hours chart of the XRP/USD pair, it broke a major downward channel with resistance near $0.618.

The price is currently trading above $0.615 and the 100 simple moving average (4-hours). Meanwhile, immediate resistance is close to the $0.625 level. The first major resistance is near the $0.645 area or the 50% Fib retracement level of the major decline from the $0.720 swing high to the $0.5720 swing low.

Source: XRPUSD on TradingView.com

Main resistance is at $0.650. A break above the $0.650 resistance could trigger a steady rise. The next major resistance is near $0.685. If the bulls continue to see activity above the $0.658 resistance, there could be a rally towards the $0.700 resistance. Any more gains could push XRP towards $0.720 resistance.

Another decline?

If XRP fails to clear the $0.650 resistance area, a new decline could begin. Initial support on the downside is near the $0.615 area and the 100 simple moving average (4-hours).

The next major support is at $0.600. If a downtrend emerges and closes below the $0.600 level, the XRP price may move lower. As noted, the price may retest the $0.572 support area.

technical indicators

4-Hour MACD – The MACD for XRP/USD is now pacing in bearish territory.

4-Hour Relative Strength Index (RSI) – The RSI for XRP/USD is now close to the 50 level.

Key support levels – $0.600, $0.588, $0.572.

Key resistance levels – $0.645, $0.650, $0.700.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Coinbase leads the cryptographic revolution with millions of users in more than 100 countries in 2025.

August 27, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Origin Summit Debuts In Seoul During KBW As Flagship Gathering On IP, AI, And The Next Era Of Blockchain-enabled Real-World Assets

August 26, 2025

ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems

August 26, 2025

Complete re -creation practice guide -AcKee Blockchain

August 26, 2025

Newcastle United Announce Multi-year Partnership With BYDFi

August 26, 2025

R0AR Chain Launches Public Node Sale Following $1 Million Whitelist Success

August 26, 2025

Easy Cloud Mining, High Daily Returns

August 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025
Most Popular

Bitcoin put-call options rate is a bullish indicator for early 2024, Deribit says.

December 3, 2023

RPC connection to Umbrel – Stack Overflow

January 27, 2024

Cardano price needs to overcome a major hurdle at $0.2785 for a bullish breakout.

November 27, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.