Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»XRP Price Rises in a Range: ​Ready for a Breakout?
EXCHANGE NEWS

XRP Price Rises in a Range: ​Ready for a Breakout?

By Crypto FlexsMay 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Price Rises in a Range: ​Ready for a Breakout?
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price avoided a major downturn due to the surge in ETH. The price has recovered above $0.5220 and is eyeing a significant upside reversal in the near term.

  • XRP started a significant rise above the $0.5150 resistance zone.
  • The price is currently trading above $0.5250 and the 100-hour simple moving average.
  • On the hourly chart of the XRP/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance at $0.520.
  • The pair may correct gains but the bulls may remain active near the $0.5180 area.

XRP price recovery

After falling to the $0.5065 support level, XRP price began a recovery. Recently, Ethereum has risen more than 20% and Bitcoin has surpassed $70,000. This triggered a significant bullish move in XRP.

The price broke above the $0.5150 and $0.520 resistance levels. On the hourly chart of the XRP/USD pair, a breakout occurred above the main bearish trendline with resistance at $0.520. The pair broke the resistance level of $0.5320 and traded as high as $0.5386.

The price is currently correcting to the upside and could test the 23.6% Fib retracement level of the uptrend from the $0.5064 swing low to the $0.5386 high.

It is currently trading above $0.5250 and the 100-hour simple moving average. Immediate resistance is near the $0.5380 level. The first major resistance is near $0.5420. A break above the $0.5420 resistance could push the price higher. The next major resistance is near $0.5550.

Source: XRPUSD on TradingView.com

If the bulls push the price above the $0.5550 resistance, there could be a fresh move towards the $0.5650 resistance. Any more profits could push the price towards the $0.5720 resistance.

Another decline?

If XRP fails to clear the $0.5380 resistance area, a downward correction could begin. Initial support for the downside is near the $0.5310 level. The next major support is at $0.5250.

Key support is currently near $0.5220 or the 50% Fib retracement level of the upward wave from the $0.5064 swing low to the $0.5386 high. A downward breakout and a close below the $0.5220 level could push the price lower. If indicated, the price may move lower to test the $0.5065 support in the near term.

technical indicators

Hourly MACD – The MACD for XRP/USD is now losing speed in bullish territory.

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

Key support levels – $0.5310 and $0.5220.

Key resistance levels – $0.5380 and $0.5420.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 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

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025
Most Popular

If “Bitcoin is a virtual currency”, why don’t some people regard it as a “physical value call”?

March 24, 2025

Attention to pay attention to Bitcoin, Ethereum, Solana and Cardano: Santiment

February 12, 2025

HBAR edge, Bulls Eye HBAR at $ 1 after passing XRP by Defi Activity

April 19, 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.