XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA close above the $0.50 resistance zone could send the price higher. The next key resistance is near $0.5050. If there is a close above the $0.5050 resistance level, there could be a steady increase toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance.<\/p>\n
More Losses?<\/h2>\n If XRP fails to clear the $0.4950 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4840 level.<\/p>\n
The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.4550 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.4840 and $0.4765.<\/p>\n
Major Resistance Levels \u2013 $0.4950 and $0.5000.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price failed to recover above the $0.50 resistance zone. The price is again moving lower and there is risk of more downsides below $0.4840. XRP is still showing bearish signs and struggled near $0.50. The price is now trading below $0.4920 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.4950 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could recover, but the bears might be active near the $0.4950 resistance. XRP Price Dips XRP price failed to recover above the $0.50 resistance like Ethereum and Bitcoin. The price peaked near the $0.4981 level and recently started another decline. There was a move below the $0.4980 and $0.4950 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4701 swing low to the $0.4981 high. It is now trading below $0.4920 and the 100-hourly Simple Moving Average. The bulls are now active near the $0.4840 support and the 50% Fib retracement level of the upward move from the $0.4701 swing low to the $0.4981 high. On the upside, the price is facing resistance near the $0.4920 level. The first key resistance is near $0.4950. There is also a key contracting triangle forming with resistance at $0.4950 on the hourly chart of the XRP\/USD pair. The next major resistance is near the $0.50 level. A close above the $0.50 resistance zone could send the price higher. The next key resistance is near $0.5050. If there is a close above the $0.5050 resistance level, there could be a steady increase toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance. More Losses? If XRP fails to clear the $0.4950 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4840 level. The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.4550 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.4840 and $0.4765. Major Resistance Levels \u2013 $0.4950 and $0.5000.<\/p>\n","protected":false},"author":67,"featured_media":624350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-624348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
XRP Price on Edge: Potential Slide Resumption Looms<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n