XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	408,048,969,330	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

408,048,969,330

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-25.10	-0.73%	3,400.19	3,400.55	3,400.56

Price Change

Price Change %

Current Price

Bid Price

Offer

-25.10

-0.73%

3,400.19

3,400.55

3,400.56

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,449.68	3,375.99	3,421.28	3,425.29	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,449.68

3,375.99

3,421.28

3,425.29

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:18:39	0.002888	3,399.72	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:18:39

0.002888

3,399.72

USD

Price x Volume	Volume	Base Symbol	Related Pairs
119,144,413.02	35,022.14	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

119,144,413.02

35,022.14

XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

19/07/2024 5:48am

NEWSBTC

XRP price struggled near $0.6375 and corrected gains. The price is now trading near $0.540 and might remain stable unless it dives below $0.520. XRP price started a downside correction from the $0.6375 zone. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there is a move below $0.540 and $0.520. XRP Price Takes A Hit XRP price struggled to continue higher above the $0.6375 resistance zone and started a fresh decline. The price declined below the $0.620 and $0.600 support levels, like Ethereum and Bitcoin. There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP/USD pair. The pair even declined below the $0.5650 support and the 100-hourly Simple Moving Average. A low is formed at $0.5404 and the price is now consolidating losses. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price could face resistance near the $0.5640 level and the 23.6% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low. The first major resistance is near the $0.5850 level or the 50% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.620 resistance. The next major resistance is near the $0.6375 level. Any more gains might send the price toward the $0.650 resistance. More Downsides? If XRP fails to clear the $0.5850 resistance zone, it could continue to move down. Initial support on the downside is near the $0.540 level. The next major support is at $0.520. If there is a downside break and a close below the $0.520 level, the price might continue to decline toward the $0.50 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 – $0.540 and $0.520. Major Resistance Levels – $0.5850 and $0.6000.

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