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{"id":570876,"date":"2024-01-23T05:28:51","date_gmt":"2024-01-23T05:28:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=570876"},"modified":"2024-06-11T14:44:53","modified_gmt":"2024-06-11T14:44:53","slug":"xrp-price-topside-bias-vulnerable-0-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-topside-bias-vulnerable-0-60\/","title":{"rendered":"XRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60"},"content":{"rendered":"

XRP price is consolidating above the $0.520 support. The price could gain bearish momentum unless there is a close above $0.550 and $0.570.<\/em><\/p>\n

\n
XRP is showing bearish signs below the $0.550 and $0.570 resistance levels.<\/li>\n
The price is now trading below $0.5420 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair start a fresh increase if it clears the $0.540 and $0.550 resistance levels.<\/li>\n<\/ul>\n
XRP Price Aims Recovery<\/h2>\n
After a decent recovery wave, XRP price faced heavy resistance near the $0.6200 zone. The bears stepped in and managed to start a fresh decline. There was a move below the $0.600 and $0.570 support levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was also a drop below the $0.550 support. The price tested the $0.5180 zone. A low was formed near $0.5178, and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
The price is now trading below $0.5420 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.540 zone or the trend line. It is near the 23.6% Fib retracement level of the downward move from the $0.6238 swing high to the $0.5178 low.<\/p>\n
The first key resistance is near $0.550. The next major resistance is near the $0.570 zone or the 50% Fib retracement level of the downward move from the $0.6238 swing high to the $0.5178 low.<\/p>\n
$\"XRP$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
A close above the $0.570 resistance zone could spark a strong increase. The next key resistance is near $0.625. If the bulls remain in action above the $0.625 resistance level, there could be a rally toward the $0.680 resistance. Any more gains might send the price toward the $0.700 resistance.<\/p>\n
More Losses?<\/h2>\n
If XRP fails to clear the $0.550 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.5180 zone.<\/p>\n
The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.500 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5180, $0.5120, and $0.500.<\/p>\n
Major Resistance Levels \u2013 $0.5420, $0.5500, and $0.5700.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price is consolidating above the $0.520 support. The price could gain bearish momentum unless there is a close above $0.550 and $0.570. XRP is showing bearish signs below the $0.550 and $0.570 resistance levels. The price is now trading below $0.5420 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair start a fresh increase if it clears the $0.540 and $0.550 resistance levels. XRP Price Aims Recovery After a decent recovery wave, XRP price faced heavy resistance near the $0.6200 zone. The bears stepped in and managed to start a fresh decline. There was a move below the $0.600 and $0.570 support levels, like Bitcoin and Ethereum. There was also a drop below the $0.550 support. The price tested the $0.5180 zone. A low was formed near $0.5178, and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair. The price is now trading below $0.5420 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.540 zone or the trend line. It is near the 23.6% Fib retracement level of the downward move from the $0.6238 swing high to the $0.5178 low. The first key resistance is near $0.550. The next major resistance is near the $0.570 zone or the 50% Fib retracement level of the downward move from the $0.6238 swing high to the $0.5178 low. Source: XRPUSD on TradingView.com A close above the $0.570 resistance zone could spark a strong increase. The next key resistance is near $0.625. If the bulls remain in action above the $0.625 resistance level, there could be a rally toward the $0.680 resistance. Any more gains might send the price toward the $0.700 resistance. More Losses? If XRP fails to clear the $0.550 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.5180 zone. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.500 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5180, $0.5120, and $0.500. Major Resistance Levels \u2013 $0.5420, $0.5500, and $0.5700.<\/p>\n","protected":false},"author":67,"featured_media":438096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,74937,10972,78763],"class_list":["post-570876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60<\/title>\n<meta name=\"description\" content=\"XRP price is consolidating above the $0.520 support. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-topside-bias-vulnerable-0-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-topside-bias-vulnerable-0-60\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_215569255.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_215569255.jpg?fit=1000%2C665"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-01-23T05:28:51Z","datePublished":"2024-01-23T05:28:51Z","dateModified":"2024-06-11T14:44:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Topside Bias Vulnerable If It Continues To Struggle Below $0.60\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-topside-bias-vulnerable-0-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-topside-bias-vulnerable-0-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_215569255.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_215569255.jpg?fit=1000%2C665\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-01-23T05:28:51Z\",\"datePublished\":\"2024-01-23T05:28:51Z\",\"dateModified\":\"2024-06-11T14:44:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_215569255.jpg?fit=1000%2C665","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570876"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=570876"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/438096"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=570876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=570876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=570876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}