XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness

2024-6-21 07:18

XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support.

XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there is a close below the $0.4850 support zone. XRP Price Dips Again

XRP price attempted a fresh increase above the $0.4950 resistance zone. It even spiked above the $0.50 resistance but there was no real bullish momentum. A high was formed at $0.5019 and the price started a fresh decline like Bitcoin.

There was a move below the $0.4980 and $0.4950 levels. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high.

The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. The bulls seem to be active near the $0.4850 support and the 61.8% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high.

If there is a fresh increase, the price might face hurdles near the $0.4950 level. The first major resistance is near the $0.50 and $0.5020 levels. A clear move above the $0.5020 resistance might send the price toward the $0.5150 resistance.

The next major resistance is near the $0.5250 level. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320. Any more gains might send the price toward the $0.550 resistance.

More Losses?

If XRP fails to clear the $0.50 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level.

The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4540 low in the near term.

Technical Indicators

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

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

Major Support Levels – $0.4850 and $0.4765.

Major Resistance Levels – $0.5020 and $0.5150.

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 signs showing move bearish 4850

Источник: newsbtc.com

price xrp → Результатов: 126


XRP Price Could Hit $6 Sooner Than You Think; Here’s Why

XRP price is currently trading around $2.41 at the time of writing. Since the sharp 35% drop on October 10, the token has been consolidating within a price range of $2.10 and $2.60. According to an analyst from the Working Money YouTube channel, XRP price could climb as high as $6 within the next five […] The post XRP Price Could Hit $6 Sooner Than You Think; Here’s Why appeared first on CaptainAltcoin.

2025-10-23 14:28


Фото:

XRP & HYPE Reach Key Price Levels as BlockDAG’s $0.0016 Countdown Gains Momentum

Crypto markets are entering a crucial stage, and three of the top crypto coins right now are attracting attention for very different reasons. XRP is in a high-stakes legal and ETF decision phase that could shift its price trend, while Hyperliquid (HYPE) shows strong on-chain growth and prepares for a technical breakout from the $34–$38 […] The post XRP & HYPE Reach Key Price Levels as BlockDAG’s $0.

2025-8-11 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Trades Like An Asset That’s Survived Its Hardest Trials — Is A Rally Coming?

The narrative surrounding XRP has undergone a fundamental transformation, and the token has begun to trade like an asset that has already endured its most punishing tests. Years of regulatory uncertainty, legal scrutiny, and prolonged underperformance have tempered speculation and reshaped its investor base, leaving behind a market that appears more resilient than reactive. Why […]

XRP Triangle Hints At Potential 10% Move—But In Which Direction?

An analyst has pointed out how XRP could be set up for a potential 10% move based on a technical analysis (TA) pattern in its 15 minutes price. XRP Has Possibly Been Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has talked about a Triangle that XRP has been trading inside on the 15-minute timeframe.

Gemini Poll Finds Over 70% Of Investors Predict XRP Below $2 By Year’s End

As the year draws to a close, XRP investors are increasingly adopting a bearish outlook, anticipating that the altcoin will remain below the critical $2 threshold.   XRP Forecasts Dipped A recent poll conducted by cryptocurrency exchange Gemini, running from December 12 to 23, reveals that 73% of investors predict XRP will finish the year between $1.

Banks Could Start Holding XRP Due To This Simple Change

Banks have mostly stayed on the sidelines when it comes to holding XRP directly, even as interest in digital assets continues to increase. That hesitation has not been due to a lack of utility or demand but to strict regulatory capital rules that made holding XRP economically impractical for regulated institutions.

Why This Pundit Believes That XRP Holders Will Become Millionaires And Billionaires

A pundit has stirred conversation in the crypto community by suggesting that XRP holders could see unprecedented wealth, potentially reaching millionaire or billionaire status. He cites the evolving crypto regulatory landscape in the United States (US) and XRP’s potential to play a significant financial role in the economy, which could drive strong demand and value […]