{"id":607672,"date":"2024-05-13T06:18:28","date_gmt":"2024-05-13T06:18:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607672"},"modified":"2024-06-11T10:43:41","modified_gmt":"2024-06-11T10:43:41","slug":"xrp-bears-keeps-pushing-0-4865","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-bears-keeps-pushing-0-4865\/","title":{"rendered":"XRP Bears Keeps Pushing, Indicators Suggest A Strengthening Case of More Losses"},"content":{"rendered":"
XRP price started a fresh decline from the $0.5050 resistance zone. The price could decline further if there is a close below the $0.4865 support.<\/em><\/p>\n
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XRP extended losses and traded below the $0.500 support.<\/li>\n
The price is now trading below $0.4950 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could slide further toward the $0.4550 support in the near term.<\/li>\n<\/ul>\n
XRP Price Dives Below $0.50<\/h2>\n
Recently, XRP price attempted a recovery wave above the $0.5050 level. However, the bears were active and the price started a fresh decline below the $0.500 support, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n