XRP Price Facing Another Drop: Understanding The Key Drivers

2024-6-26 06:58

XRP price started a recovery wave from the $0.4620 support. The price is now struggling to clear $0.4780 and might restart its decline.

XRP price is attempting a recovery wave from the $0.4620 support zone. The price is now trading below $0.4800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4770 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might face rejections near $0.4780 and $0.480. XRP Price Faces Resistance

XRP price extended losses below the $0.480 level like Bitcoin and Ethereum. The price even spiked below $0.4650 and tested the $0.4620 zone. A low was formed at $0.4619 and the price recently started a recovery wave.

There was an upward move above the $0.4700 and $0.4720 resistance levels. The price even surpassed the 50% Fib retracement level of the downward wave from the $0.4885 swing high to the $0.4620 low. However, the bears seem to be active near the $0.4780 zone.

They are protecting the 61.8% Fib retracement level of the downward wave from the $0.4885 swing high to the $0.4620 low. There is also a key bearish trend line forming with resistance at $0.4770 on the hourly chart of the XRP/USD pair.

It is now trading below $0.4800 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4770 level. The first major resistance is near the $0.4800 level.

A clear move above the $0.4800 resistance might send the price toward the $0.4885 resistance. The next major resistance is near the $0.5050 level. A close above the $0.5050 resistance zone could send the price higher. The next key resistance is near $0.5250. Any more gains might send the price toward the $0.5500 resistance.

Another Decline?

If XRP fails to clear the $0.4800 resistance zone, it could start another decline. Initial support on the downside is near the $0.4685 level.

The next major support is at $0.4620. If there is a downside break and a close below the $0.4620 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.450 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level.

Major Support Levels – $0.4685 and $0.4620.

Major Resistance Levels – $0.4770 and $0.4800.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price xrp wave support recovery 4620 might

Источник: newsbtc.com

price xrp → Результатов: 126


Dogecoin Vs. XRP Price: Battle For $1 Rages On As $0.03846 ETFSwap (ETFS) Takes The Lead

As the price competition for cryptos intensifies, two popular tokens, Dogecoin (DOGE) and XRP, are racing to reach the $1 mark. However, while the Dogecoin price and XRP price chase a possible $1 rally, a new contender, ETFSwap (ETFS), leads the charge, with experts predicting its market value will skyrocket faster than its competitors.

2024-11-5 23:00


XRP Price Prediction: Ripple Whales Fail To Hold Support, Investors Move Into ETFSwap (ETFS) For 10000% Gains In 13 Days

The XRP price prediction took a different tone across the board as many market experts predict a possible bearish movement as rippling whales will fail to keep it in the green zone. The last 24 hours saw the XRP price go down by nearly 2%, hinting at investors selling as the XRP price fails to […] The post XRP Price Prediction: Ripple Whales Fail To Hold Support, Investors Move Into ETFSwap (ETFS) For 10000% Gains In 13 Days appeared first on CaptainAltcoin.

2024-10-22 23:00


Dogecoin Price To Hit $1 First Amid XRP Price Crash, But ETFSwap (ETFS) Will Get There First With 10000% Rally

The race to $1 gets heated up for Dogecoin price, XRP price, and the ETFSwap (ETFS) tokens, with all three altcoins vying for attention. However, while Dogecoin price and XRP price continue to dominate headlines, it’s the ETFSwap (ETFS) tokens that are sure to surprise everyone, thanks to their unique offerings, that propel it in […]

2024-10-11 19:00


This Pattern Signals XRP Price Will Hit $13, Predicts Crypto Trader – Here’s When

Egrag, a prominent crypto analyst, has shared a long-term prediction for XRP. He suggested a compelling price pump is around the corner based on a chart pattern known as the Nike Swoosh.  The analyst believes this pattern could lead XRP’s price to hit a target of $13, a crazy jump from its current trading price […] The post This Pattern Signals XRP Price Will Hit $13, Predicts Crypto Trader – Here’s When appeared first on CaptainAltcoin.

2024-9-26 23:00


Crypto Pundit Shuts Down Predictions Of XRP Price Hitting $1,000

A recent buzz on the X (formerly Twitter) social media platform has sparked speculation that the XRP price could hit $1,000. However, a crypto pundit has slammed these overly inflated and seemingly unrealistic predictions, pointing to market capitalization and the coin’s current fundamentals as clear obstacles to such a price surge.  Analyst Criticizes $1,000 XRP […]

2024-9-18 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst

In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.

XRP NVT Ratio Has Been High Recently: What It Means

On-chain data shows the XRP Network Value to Transactions (NVT) Ratio has seen some spikes recently. Here’s what it means for the asset. XRP NVT Ratio Reached A High Of 1,162 Earlier In The Month In a CryptoQuant Quicktake post, analyst Maartunn has discussed about how the latest trend in the NVT Ratio of XRP has been like.

XRP Price Gains Speed: Could The Surge Reach $0.80?

XRP price is up over 10% and moving higher above the $0. 620 support zone. The price tested the $0. 740 zone and is currently correcting gains. XRP price started a decent increase above the $0. 620 resistance.