{"id":627380,"date":"2023-04-09T16:49:13","date_gmt":"2023-04-09T21:49:13","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/09\/xrp-price-at-crucial-level-surge-to-0-65-or-drop-to-0-42-level-what-next\/"},"modified":"2023-04-09T16:49:13","modified_gmt":"2023-04-09T21:49:13","slug":"xrp-price-at-crucial-level-surge-to-0-65-or-drop-to-0-42-level-what-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/09\/xrp-price-at-crucial-level-surge-to-0-65-or-drop-to-0-42-level-what-next\/","title":{"rendered":"XRP Price At Crucial Level: Surge To $0.65 or Drop to $0.42 Level, What Next?"},"content":{"rendered":"
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\"XRP\"<\/figure>\n<\/div>\n
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XRP, the cryptocurrency affiliated with blockchain-based payments firm Ripple, has managed to stay above the $0.50 price level for a record-breaking 11 days. The digital asset has exhibited a pattern of bouncing back above the $0.50 level after encountering periodic resistance from bearish traders.\u00a0<\/p>\n

The asset is currently trading at $0.51 as of April 8th. The next resistance level for the buyers is at the $0.56 to $0.58 zone. If the asset manages to close above this area, it could signify the start of the next leg of recovery.<\/p>\n

The daily time frame technical analysis shows that XRP\u2019s price has been consolidating after reaching its yearly high on March 29. The price had surged since breaking out of a descending resistance line on March 21, leading to the aforementioned yearly high.\u00a0<\/p>\n

Though the price subsequently fell below the $0.530 area, the RSI did not indicate any bearish divergence. However, the area again rejected the XRP price on April 5, creating a long upper wick. The SEC-plagued coin could rise to the $0.650 long-term resistance level if it manages to break out from its current position. Conversely, if it faces rejection, it could experience a drop to the nearest support level of $0.425.<\/p>\n

A closer examination of the price movement and wave count from the 12-hour time frame suggests that the XRP token price is currently in wave four of a five-wave increase.\u00a0<\/p>\n

This gives a potentially strong bullish XRP price prediction for April, indicating that it could break out from the acclaimed $0.54 key resistance area.<\/p>\n<\/div>\n

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Elena R<\/a><\/h3>\n

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP, the cryptocurrency affiliated with blockchain-based payments firm Ripple, has managed to stay above the $0.50 price level for a record-breaking 11 days. The digital asset has exhibited a pattern of bouncing back above the $0.50 level after encountering periodic resistance from bearish traders.\u00a0The asset is currently trading at $0.51 as of April 8th. The<\/p>\n","protected":false},"author":1,"featured_media":627381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22500,4759],"tags":[],"class_list":{"0":"post-627380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-level","8":"category-price"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=627380"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/627381"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=627380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=627380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=627380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}