Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»XRP price gains strength again as bulls aim for 10% surge.
EXCHANGE NEWS

XRP price gains strength again as bulls aim for 10% surge.

By Crypto FlexsDecember 26, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP price gains strength again as bulls aim for 10% surge.
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price is rising from the $0.578 support level. The price appears to be preparing for a new surge towards the $0.680 and $0.700 levels.

  • XRP is attempting a fresh increase from the $0.578 support level.
  • The price is currently trading above $0.620 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the XRP/USD pair, there is a major ascending channel forming with resistance near $0.650 (data source from Kraken).
  • A break above the $0.650 and $0.655 resistance levels will initiate a new rally for the pair.

XRP price could surge to $0.70.

After forming a base near $0.578, the price of XRP began a significant rise. There was movement above the $0.595 and $0.600 resistance levels. The price also cleared the $0.630 resistance level.

There was a spike above the 50% Fib retracement level moving downward from the $0.700 swing high to the $0.578 swing low. The price is currently up more than 3%, outperforming Bitcoin and Ethereum. It currently faces resistance near $0.650.

There is also a major ascending channel with resistance forming near $0.650 on the 4-hours chart of the XRP/USD pair. Channel resistance is near the 61.8% Fib retracement level moving down from the $0.700 swing high to the $0.578 swing low.

The price is currently trading above $0.630 and the 100 simple moving average (4-hours). Meanwhile, immediate resistance is located near $0.650. The next major resistance is near the $0.655 area. A break above the $0.655 resistance could trigger a strong rally.

Source: XRPUSD on TradingView.com

The next major resistance is near $0.684. If the bulls continue to see activity above the $0.684 resistance, there could be a rally towards the $0.700 resistance. Any more profits could push the price towards the $0.720 resistance.

A new decline?

If XRP fails to clear the $0.650 resistance area, a new decline could begin. Initial support on the downside is near the $0.620 area and the channel trendline.

The next major support is at $0.606. A bearish trend and a close below the $0.606 level could push the price of XRP lower. As noted, the price may retest the $0.578 support area.

technical indicators

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

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

Key support levels – $0.620, $0.606, $0.578.

Key resistance levels – $0.650, $0.655, $0.700.

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

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Ethereum’s risk-reward ratio is ‘too good to take a chance’, according to cryptocurrency analyst – here’s why

November 5, 2024

Anatomy of the Halving Part 2: Block Reward and Network Security: Navigating the New Economic Landscape

March 16, 2024

Rep. Luetkemeyer announced his retirement, which could open up a position for chairman of the cryptocurrency-friendly House Financial Services Committee.

January 7, 2024
  • 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.