XRP Bears Keeps Pushing, Indicators Suggest A Strengthening Case of More Losses

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	5,576,634,330	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

5,576,634,330

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.650	-5.07%	12.16	12.19	12.20

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.650

-5.07%

12.16

12.19

12.20

High Price	Low Price	Open Price	Prev. Close	52 Week Range
12.94	12.07	12.83	12.81	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

12.94

12.07

12.83

12.81

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	19:39:11	3.91	12.16	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

19:39:11

3.91

12.16

USD

Price x Volume	Volume	Base Symbol	Related Pairs
7,180,488.94	574,502.78	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

7,180,488.94

574,502.78

XRP Bears Keeps Pushing, Indicators Suggest A Strengthening Case of More Losses

13/05/2024 7:18am

NEWSBTC

XRP price started a fresh decline from the $0.5050 resistance zone. The price could decline further if there is a close below the $0.4865 support. XRP extended losses and traded below the $0.500 support. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could slide further toward the $0.4550 support in the near term. XRP Price Dives Below $0.50 Recently, XRP price attempted a recovery wave above the $0.5050 level. However, the bears were active and the price started a fresh decline below the $0.500 support, like Ethereum and Bitcoin. There was a move below the $0.4920 and $0.4880 levels. A low was formed at $0.4867 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $0.5085 swing high to the $0.4867 low. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.4980 level. There is also a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.5085 swing high to the $0.4867 low. Source: XRPUSD on TradingView.com The first key resistance is near $0.500. A close above the $0.500 resistance zone could spark a strong increase. The next key resistance is near $0.5085 and the 100-hourly Simple Moving Average. If the bulls remain in action above the $0.5085 resistance level, there could be a rally toward the $0.5250 resistance. 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 start another decline. Initial support on the downside is near the $0.4865 level. The next major support is at $0.4780. If there is a downside break and a close below the $0.4780 level, the price might accelerate lower. In the stated case, the price could retest the $0.450 support zone. 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 – $0.4865 and $0.4780. Major Resistance Levels – $0.500 and $0.5085.

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ICPUSD Internet Computer