XRP Price Prediction – A Plunge To $0.45 On The Horizon, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	3,725,670,579	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

3,725,670,579

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.060	0.77%	7.88	7.87	7.87

Price Change

Price Change %

Current Price

Bid Price

Offer

0.060

0.77%

7.88

7.87

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.96	7.78	7.83	7.82	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.96

7.78

7.83

7.82

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:37:12	9.71	7.88	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:37:12

9.71

7.88

USD

Price x Volume	Volume	Base Symbol	Related Pairs
585,438.91	74,251.72	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

585,438.91

74,251.72

XRP Price Prediction – A Plunge To $0.45 On The Horizon, Here’s Why

10/10/2023 6:08am

NEWSBTC

XRP price started a fresh decline from the $0.550 resistance against the US Dollar. It could accelerate lower and revisit the $0.45 support. Ripple’s token price is declining from the 0.550 resistance against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.5065 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $0.488 support zone. XRP Price Takes Hit Recently, XRP made another attempt to clear the $0.550 resistance. However, the bulls failed to clear the $0.550 barrier. The price traded as high as $0.5510 and started a fresh decline, like Bitcoin and Ethereum. There was a steady decline below the $0.532 and $0.525 levels. The price even declined below the $0.50 level and the 100 simple moving average (4 hours). Finally, it retested the $0.488 support zone. A low is formed near $0.4875 and the price is now consolidating losses. XRP is now trading above $0.500 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.5065 on the 4-hour chart of the XRP/USD pair. The trend line is near the 23.6% Fib retracement level of the recent decline from the $0.5510 swing high to the $0.4875 low. On the upside, immediate resistance is near the $0.505 level and the trend line. A close above the $0.505 level could send the price toward the $0.525 resistance or the 61.8% Fib retracement level of the recent decline from the $0.5510 swing high to the $0.4875 low. Source: XRPUSD on TradingView.com A successful break above the $0.525 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance. More Losses? If XRP fails to clear the $0.505 resistance zone, it could continue to move down. Initial support on the downside is near the $0.488 zone. The next major support is at $0.450. If there is a downside break and a close below the $0.450 level, XRP price might turn red. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.488, $0.465, and $0.450. Major Resistance Levels – $0.505, $0.525, and $0.550.

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ICPUSD Internet Computer