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{"id":638186,"date":"2024-08-28T05:08:20","date_gmt":"2024-08-28T05:08:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=638186"},"modified":"2024-08-28T04:34:16","modified_gmt":"2024-08-28T04:34:16","slug":"xrp-price-reverses-0-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-reverses-0-60\/","title":{"rendered":"XRP Price Reverses Course: Are More Losses Coming?"},"content":{"rendered":"

XRP price failed to start a fresh increase above the $0.600 zone. The price reversed and now consolidates near the $0.570 level.<\/em><\/p>\n

\n
XRP price started another decline after it failed to clear the $0.60 resistance.<\/li>\n
The price is now trading below $0.600 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a short-term rising channel with support at $0.590 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could attempt a recovery wave if it clears the $0.5770 resistance zone.<\/li>\n<\/ul>\n
XRP Price Drops Again<\/h2>\n
XRP price failed to gain pace for a move above the $0.60 level. It formed a high at $0.60 and started another decline like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $0.5850 and $0.580 levels.<\/p>\n
There was a break below a short-term rising channel with support at $0.590 on the hourly chart of the XRP\/USD pair. The pair even spiked below the $0.5550 support level. A low was formed at $0.5538 and the price is now consolidating losses.<\/p>\n
There was a minor move above the $0.5640 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The price is still trading below $0.600 and the 100-hourly Simple Moving Average.<\/p>\n
On the upside, the price might face resistance near the $0.5770 level. It is close to the 50% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The first major resistance is near the $0.5885 level.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance could be $0.60. A clear move above the $0.60 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6160 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term.<\/p>\n
Another Drop?<\/h2>\n
If XRP fails to clear the $0.5770 resistance zone, it could start another decline. Initial support on the downside is near the $0.560 level. The next major support is at $0.5550.<\/p>\n
If there is a downside break and a close below the $0.5550 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.520.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.5620 and $0.5550.<\/p>\n
Major Resistance Levels \u2013 $0.5885 and $0.6000.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price failed to start a fresh increase above the $0.600 zone. The price reversed and now consolidates near the $0.570 level. XRP price started another decline after it failed to clear the $0.60 resistance. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $0.590 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.5770 resistance zone. XRP Price Drops Again XRP price failed to gain pace for a move above the $0.60 level. It formed a high at $0.60 and started another decline like Bitcoin and Ethereum. There was a move below the $0.5850 and $0.580 levels. There was a break below a short-term rising channel with support at $0.590 on the hourly chart of the XRP\/USD pair. The pair even spiked below the $0.5550 support level. A low was formed at $0.5538 and the price is now consolidating losses. There was a minor move above the $0.5640 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The price is still trading below $0.600 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5770 level. It is close to the 50% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The first major resistance is near the $0.5885 level. The next key resistance could be $0.60. A clear move above the $0.60 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6160 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term. Another Drop? If XRP fails to clear the $0.5770 resistance zone, it could start another decline. Initial support on the downside is near the $0.560 level. The next major support is at $0.5550. If there is a downside break and a close below the $0.5550 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.520. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.5620 and $0.5550. Major Resistance Levels \u2013 $0.5885 and $0.6000.<\/p>\n","protected":false},"author":67,"featured_media":638188,"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-638186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Reverses Course: Are More Losses Coming?<\/title>\n<meta name=\"description\" content=\"XRP price failed to start a fresh increase above the $0.600 zone. 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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 Reverses Course: Are More Losses Coming?","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-reverses-0-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-reverses-0-60\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Reverse.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Reverse.jpg?fit=1792%2C1024"},"articleSection":"XRP","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":"2024-08-28T05:08:20Z","datePublished":"2024-08-28T05:08:20Z","dateModified":"2024-08-28T05:08:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Reverses Course: Are More Losses Coming?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-reverses-0-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-reverses-0-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Reverse.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Reverse.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"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\":\"2024-08-28T05:08:20Z\",\"datePublished\":\"2024-08-28T05:08:20Z\",\"dateModified\":\"2024-08-28T05:08:20Z\"}<\/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\/2024\/08\/XRP-Reverse.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/638186"}],"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=638186"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/638186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/638188"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=638186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=638186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=638186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}