XRP Price Holds Support – Indicators Show Risk of Downside Break

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	28,168,604,400	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

28,168,604,400

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0077	-1.47%	0.5172	0.5171	0.5172

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0077

-1.47%

0.5172

0.5171

0.5172

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5297	0.5151	0.5258	0.5249	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5297

0.5151

0.5258

0.5249

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:58:54	3.26	0.5172	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:58:54

3.26

0.5172

USD

Price x Volume	Volume	Base Symbol	Related Pairs
28,762,387.11	55,064,977.31	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

28,762,387.11

55,064,977.31

XRP Price Holds Support – Indicators Show Risk of Downside Break

29/03/2024 5:58am

NEWSBTC

XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. XRP is facing a major hurdle near the $0.6580 zone. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.5720 support. XRP Price Faces Uphill Task After a steady decline, XRP price found support near the $0.5720 level. A low was formed at $0.5714 and the price started a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.5880 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. The bulls pushed the price above the $0.620 resistance zone, but the bears are active near $0.640. Ripple’s token price is now trading above $0.6320 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.640 zone. There is also a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair. The next key resistance is near $0.6580. It is close to the 50% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. A close above the $0.6580 resistance zone could spark a strong increase. The next key resistance is near $0.700. If the bulls remain in action above the $0.700 resistance level, there could be a rally toward the $0.7440 resistance. Any more gains might send the price toward the $0.800 resistance. More Losses? If XRP fails to clear the $0.640 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 zone. The next major support is at $0.5720. If there is a downside break and a close below the $0.5720 level, the price might accelerate lower. In the stated case, the price could retest the $0.5250 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 – $0.600, $0.5720, and $0.5250. Major Resistance Levels – $0.640, $0.6580, and $0.700.

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XRPUSD Ripple