XRP Price Prediction – Downside Thrust Possible Before Fresh Surge To $0.72

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	4,556,854,411	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

4,556,854,411

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.170	1.75%	9.88	9.90	9.90

Price Change

Price Change %

Current Price

Bid Price

Offer

0.170

1.75%

9.88

9.90

High Price	Low Price	Open Price	Prev. Close	52 Week Range
9.97	9.66	9.69	9.71	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

9.97

9.66

9.69

9.71

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:27:04	26.01	9.88	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:27:04

26.01

9.88

USD

Price x Volume	Volume	Base Symbol	Related Pairs
592,714.58	60,424.62	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

592,714.58

60,424.62

XRP Price Prediction – Downside Thrust Possible Before Fresh Surge To $0.72

28/11/2023 4:47am

NEWSBTC

XRP price is moving lower from the $0.732 resistance. The price is now at risk of more losses toward the $0.550 support before the bulls take a stand. XRP started a downside correction below $0.638 and $0.612. The price is now trading below $0.625 and the 100 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.622 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair dive toward the $0.550 support before the bulls take a stand. XRP Price Turns Red In the past few days, XRP saw a steady decline from the $0.740 zone. There was a move below the $0.685 and $0.638 support levels. The price even dived below the $0.612 support, underperforming Bitcoin and Ethereum. There was a recovery wave from $0.572, but the bears were active near $0.638. A high was formed near $0.6385 and the price is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the $0.5723 swing low to the $0.6385 high. XRP is now trading below $0.625 and the 100 simple moving average (4 hours). There is also a key declining channel forming with resistance near $0.622 on the 4-hour chart. On the upside, immediate resistance is near the $0.615 level. The first major resistance is near the $0.622 zone or the 100 simple moving average (4 hours) or the channel upper zone. A close above the $0.622 resistance zone could spark a steady increase. Source: XRPUSD on TradingView.com The next key resistance is near $0.638. If the bulls remain in action above the $0.638 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance. More Downsides? If XRP fails to clear the $0.622 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone. The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining 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 – $0.588, $0.572, and $0.540. Major Resistance Levels – $0.622, $0.638, and $0.700.

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ICPUSD Internet Computer