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XRPUSD Ripple

0.4873

0.0129 (2.72%)

19:51:43 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	26,570,037,465	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0129	2.72%	0.4873	0.4872	0.4873

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4875	0.4737	0.4744	0.4744	0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	19:52:34	56.91	0.4873	USD

Price x Volume	Volume	Base Symbol	Related Pairs
12,110,062.73	25,243,863.83	XRP	XRPEUR	XRPGBP	XRPBTC

XRP Price Turns Red Again: What’s Next for the Crypto?

23/05/2024 3:28am

NEWSBTC

XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA. XRP struggled near the $0.5570 zone and trimmed gains. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the 100-hourly SMA to avoid a sharp decline. XRP Price Dips Again After a steady increase, XRP price faced resistance near $0.5570. The price formed a short-term top and started a fresh decline from $0.5571, like Bitcoin and Ethereum. There was a move below the $0.5420 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. The price even spiked below the $0.5250 support and the 100-hourly Simple Moving Average. However, the bulls are protecting the 61.8% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. It is now trading above $0.5250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5310 level. There is also a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5350. A close above the $0.5350 resistance zone could send the price higher. The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5570 resistance. Any more gains might send the price toward the $0.5650 resistance. More Downsides? If XRP fails to clear the $0.5350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5250 level and the 100 hourly SMA. The next major support is at $0.5185. If there is a downside break and a close below the $0.5185 level, the price might gain bearish momentum. In the stated case, the price could decline and test the $0.5065 support 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 – $0.5250 and $0.5185. Major Resistance Levels – $0.5350 and $0.5450.

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