{"id":653966,"date":"2024-11-20T04:08:02","date_gmt":"2024-11-20T04:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653966"},"modified":"2024-11-20T03:45:57","modified_gmt":"2024-11-20T03:45:57","slug":"xrp-price-signals-correction-0-1220","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-signals-correction-0-1220\/","title":{"rendered":"XRP Price Signals Downside Correction: Is a Pullback Coming?"},"content":{"rendered":"<p><em>XRP price is correcting gains from the $1.185 resistance zone. The price might revisit the $1.00 support before the bulls appear.<\/em><\/p>\n<ul>\n<li>XRP price started a downside correction below the $1.120 level.<\/li>\n<li>The price is now trading below $1.100 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could retest the $1.00 support zone before the bulls take a stand.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price struggled to extend gains above the $1.180 and $1.20 levels. It started a downside correction and traded below the $1.150 level. It underperformed <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-rise-94k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-challenges-3220\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> in the past two sessions.<\/p>\n<p>There was a drop below the 50% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. Besides, there was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price is now trading below $1.100 and the 100-hourly Simple Moving Average. It is now approaching the 76.4% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high.<\/p>\n<p>On the upside, the price might face resistance near the $1.100 level. The first major resistance is near the $1.140 level. The next key resistance could be $1.1850.<\/p>\n<figure id=\"attachment_653967\" aria-describedby=\"caption-attachment-653967\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-653967 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/XRP_Price_849988.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-653967\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A clear move above the $1.1850 resistance might send the price toward the $1.200 resistance. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle might be $1.250.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $1.140 resistance zone, it could continue to move down. Initial support on the downside is near the $1.040 level. The next major support is near the $1.00 level.<\/p>\n<p>If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.980 support in the near term. The next major support sits near the $0.920 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $1.1040 and $1.0000.<\/p>\n<p>Major Resistance Levels \u2013 $1.1400 and $1.1850.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is correcting gains from the $1.185 resistance zone. The price might revisit the $1.00 support before the bulls appear. XRP price started a downside correction below the $1.120 level. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could retest the $1.00 support zone before the bulls take a stand. XRP Price Dips Again XRP price struggled to extend gains above the $1.180 and $1.20 levels. It started a downside correction and traded below the $1.150 level. It underperformed Bitcoin and Ethereum in the past two sessions. There was a drop below the 50% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. Besides, there was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP\/USD pair. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. It is now approaching the 76.4% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. On the upside, the price might face resistance near the $1.100 level. The first major resistance is near the $1.140 level. The next key resistance could be $1.1850. A clear move above the $1.1850 resistance might send the price toward the $1.200 resistance. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle might be $1.250. More Downsides? If XRP fails to clear the $1.140 resistance zone, it could continue to move down. Initial support on the downside is near the $1.040 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.980 support in the near term. The next major support sits near the $0.920 zone. 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 $1.1040 and $1.0000. Major Resistance Levels \u2013 $1.1400 and $1.1850.<\/p>\n","protected":false},"author":67,"featured_media":653968,"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-653966","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<title>XRP Price Signals Downside Correction: Is a Pullback Coming?<\/title>\n<meta name=\"description\" content=\"XRP price is correcting gains from the $1.185 resistance zone. 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