XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	29,832,641,654	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

29,832,641,654

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0272	-4.78%	0.5424	0.5424	0.5425

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0272

-4.78%

0.5424

0.5425

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5704	0.5402	0.5691	0.5696	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5704

0.5402

0.5691

0.5696

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:40:52	3,686.83	0.5424	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:40:52

3,686.83

0.5424

USD

Price x Volume	Volume	Base Symbol	Related Pairs
32,416,162.07	58,721,769.03	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

32,416,162.07

58,721,769.03

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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XRPUSD Ripple