XRP Price Fights to Regain Momentum: Will It Break Through??

2024-10-2 07:08

XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.

XRP price declined further below the $0.6120 zone. The price is now trading below $0.6250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels. XRP Price Eyes Fresh Increase

XRP price extended its decline below the $0.6320 level like Bitcoin and Ethereum. The price even declined below the $0.6000 support zone.

A low was formed at $0.5782 and the price is now consolidating losses. There was a minor move above the $0.6000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low.

The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.6220 level. There is also a key bearish trend line forming with resistance at $0.6220 on the hourly chart of the XRP/USD pair.

It is close to the 50% Fib retracement level of the downward move from the $0.6640 swing high to the $0.5782 low. The first major resistance is near the $0.6250 level.

The next key resistance could be $0.6320. A clear move above the $0.6320 resistance might send the price toward the $0.6500 resistance. Any more gains might send the price toward the $0.6640 resistance or even $0.6800 in the near term.

More Losses?

If XRP fails to clear the $0.6250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.600 level. The next major support is near the $0.5920 level.

If there is a downside break and a close below the $0.5920 level, the price might continue to decline toward the $0.5780 support in the near term. The next major support sits near the $0.5650 zone.

Technical Indicators

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

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

Major Support Levels – $0.5920 and $0.5780.

Major Resistance Levels – $0.6220 and $0.6250.

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 below attempting increase facing fresh

Источник: newsbtc.com

price xrp → Результатов: 126


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 Crashes 14% As Whales Send Deposits To Exchanges

The XRP price has registered a notable drop during the past day as on-chain data shows the whales have been making transactions to exchanges. XRP Has Witnessed A Sharp Drop Over The Last 24 Hours The cryptocurrency sector has been observing bearish winds recently, with the drawdown deepening across the market during the past day.

XRP Price Turns Red: Can Bulls Stop the Slide?

XRP price extended losses and tested the $0. 5240 support level. The price is now consolidating and might struggle to start a fresh increase. XRP price declined further below the $0. 5850 zone. The price is now trading below $0.

Bitwise’s Spot XRP ETF Registration Statement Unveiled, Price Falls 7%

Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.

XRP Surges 10% As Whales Participate In $300 Million Buying Spree

On-chain data shows the XRP whales have participated in a significant amount of buying recently, a potential reason behind the asset’s surge. XRP Whales Have Added 470 Million Tokens To Their Supply Recently As explained by analyst Ali Martinez in a new post on X, the XRP whales have expanded their holdings over the last 10 days.