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 could soon be the next to rebound. Here’s why:
EXCHANGE NEWS

XRP price could soon be the next to rebound. Here’s why:

By Crypto FlexsDecember 24, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP price could soon be the next to rebound.  Here’s why:
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price is aiming for a new bounce above the $0.630 resistance level. A break above the $0.630 and $0.640 resistance levels could see the price gain bullish momentum.

  • XRP is slowly rising from the $0.600 support level.
  • The price is currently trading below $0.630 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the XRP/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $0.610.
  • A break above the $0.630 and $0.640 resistance levels will initiate a new rally for the pair.

XRP price aims for a new surge.

After a major decline, XRP found support near $0.580. A low was formed near $0.5781 and the price began to rise steadily. There was a move above the $0.600 resistance level, but XRP lagged in momentum compared to Bitcoin and Ethereum.

There was a break above the 23.6% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low. Moreover, a breakout occurred above the main bearish trendline with resistance near $0.610 on the 4-hours chart of the XRP/USD pair.

The price is currently trading below $0.630 and the 100 simple moving average (4-hours). Meanwhile, immediate resistance is located near $0.630. This is close to the 50% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low.

Source: XRPUSD on TradingView.com

The first major resistance is near the $0.640 area. A break above the $0.640 resistance could trigger a strong rally. The next major resistance is near $0.672. If the bulls continue to be active above the $0.672 resistance, there could be a rally towards the $0.700 resistance. Any more profits could push the price towards the $0.720 resistance.

Another decline?

If XRP fails to clear the $0.630 resistance area, a new decline could begin. Initial support on the downside is near the $0.606 area.

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 $0.578 support area.

technical indicators

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

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

Key support levels – $0.606, $0.600, $0.578.

Key resistance levels – $0.630, $0.640, $0.672.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

DOT price (Polkadot) has reached a critical juncture. Is this a bull trap or a correction?

May 8, 2024

Safe Wallet fraudster steals $2 million in one week through ‘address poisoning’

December 4, 2023

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025
  • 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.