XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe first major resistance is near the $0.5920 level. The next key resistance could be $0.5960. A clear move above the $0.5960 resistance might send the price toward the $0.600 resistance. Any more gains might send the price toward the $0.6050 resistance or even $0.6120 in the near term.<\/p>\n
More Losses?<\/h2>\n If XRP fails to clear the $0.5880 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5820 level. The next major support is near the $0.5800 level and the 76.4% Fib retracement level of the upward move from the $0.5744 swing low to the $0.5961 high.<\/p>\n
If there is a downside break and a close below the $0.5800 level, the price might continue to decline toward the $0.5740 support in the near term. The next major support sits at $0.5650.<\/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 $0.5800 and $0.5740.<\/p>\n
Major Resistance Levels \u2013 $0.5880 and $0.5960.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price again struggled to clear the $0.600 resistance and declined. The price is now testing the $0.5840 support and might continue to consolidate. XRP price is still struggling to clear the $0.600 resistance zone. The price is now trading below $0.5920 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5880 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.5920 and $0.600 resistance levels. XRP Price Stuck Below $0.60 XRP price attempted another increase (like Bitcoin and Ethereum) above the $0.5850 and $0.5880 resistance levels. It even spiked above $0.5920, but the bears were active near the $0.5960 level. A high was formed at $0.5961 and the price started a downside correction. There was a move below the $0.5920 and $0.5880 levels. The price dipped below the 50% Fib retracement level of the upward move from the $0.5744 swing low to the $0.5961 high. The price is now trading below $0.5920 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5880 level. There is also a connecting bearish trend line forming with resistance at $0.5880 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $0.5920 level. The next key resistance could be $0.5960. A clear move above the $0.5960 resistance might send the price toward the $0.600 resistance. Any more gains might send the price toward the $0.6050 resistance or even $0.6120 in the near term. More Losses? If XRP fails to clear the $0.5880 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5820 level. The next major support is near the $0.5800 level and the 76.4% Fib retracement level of the upward move from the $0.5744 swing low to the $0.5961 high. If there is a downside break and a close below the $0.5800 level, the price might continue to decline toward the $0.5740 support in the near term. The next major support sits at $0.5650. 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 $0.5800 and $0.5740. Major Resistance Levels \u2013 $0.5880 and $0.5960.<\/p>\n","protected":false},"author":67,"featured_media":644938,"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-644936","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 Trapped In Consolidation: Will Bulls Break Free?<\/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