XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	4,350,142,266	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

4,350,142,266

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.320	-3.29%	9.42	9.42	9.42

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.320

-3.29%

9.42

High Price	Low Price	Open Price	Prev. Close	52 Week Range
9.85	9.26	9.75	9.74	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

9.85

9.26

9.75

9.74

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:59:40	9.49	9.42	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:59:40

9.49

9.42

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,797,274.69	500,701.40	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,797,274.69

500,701.40

XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle

31/08/2023 6:17am

NEWSBTC

Ripple’s token price is showing bearish signs below $0.550 against the US Dollar. XRP price could start another decline if it trades below $0.500. Ripple’s token price is struggling to recover above $0.540 and $0.550 against the US dollar. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if there is a break below $0.500. Ripple’s Token Price Eyes Fresh Increase After a sharp decline to $0.40, Ripple’s XRP started a recovery wave against the US Dollar. The price recovered above the $0.48 and $0.50 resistance levels, like Bitcoin and Ethereum. The price was able to surpass the $0.520 resistance as well. Finally, there was a spike above the 50% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. The bulls are now facing an uphill task near $0.550. XRP is still trading below $0.540 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com Initial resistance on the upside is near the $0.540 zone and the trend line. The next major resistance is near the $0.550 level or the 61.8% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. A successful break above the $0.550 resistance level might send the price toward the $0.60 resistance. Any more gains might call for a test of the $0.625 resistance. Another Drop in XRP? If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.505 zone. The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.435 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.505, $0.500, and $0.435. Major Resistance Levels – $0.540, $0.550, and $0.600.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ICPUSD Internet Computer