{"id":609389,"date":"2024-05-23T02:28:35","date_gmt":"2024-05-23T02:28:35","guid":{"rendered":"https:\/\/uniquehot.com\/?p=609389"},"modified":"2024-06-11T10:21:29","modified_gmt":"2024-06-11T10:21:29","slug":"xrp-price-red-again-0-525","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-red-again-0-525\/","title":{"rendered":"XRP Price Turns Red Again: What\u2019s Next for the Crypto?"},"content":{"rendered":"
XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA.<\/em><\/p>\n
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XRP struggled near the $0.5570 zone and trimmed gains.<\/li>\n
The price is now trading below $0.5350 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair must stay above the 100-hourly SMA to avoid a sharp decline.<\/li>\n<\/ul>\n
XRP Price Dips Again<\/h2>\n
After a steady increase, XRP price faced resistance near $0.5570. The price formed a short-term top and started a fresh decline from $0.5571, like Bitcoin<\/a> and Ethereum.<\/p>\n