XRP Price On The Edge: Can It Survive and Start Fresh Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	30,940,181,204	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

30,940,181,204

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.002	-0.35%	0.5667	0.5667	0.5669

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.002

-0.35%

0.5667

0.5669

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5745	0.5625	0.5692	0.5687	0.382490 - 0.785000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5745

0.5625

0.5692

0.5687

0.382490 - 0.785000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:23:36	349.27	0.5667	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:23:36

349.27

0.5667

USD

Price x Volume	Volume	Base Symbol	Related Pairs
13,050,871.34	22,967,115.45	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

13,050,871.34

22,967,115.45

XRP Price On The Edge: Can It Survive and Start Fresh Increase

15/08/2024 5:18am

NEWSBTC

XRP price failed to climb above the $0.5850 resistance zone. The price dipped and now shows a few bearish signs below the $0.5750 level. XRP price is struggling to climb above the $0.5850 level. The price is now trading below $0.5750 and the 100-hourly Simple Moving Average. There was a break below a key rising channel with support at $0.5745 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Dips To Support XRP price remained stable near the $0.5650 level and attempted more gains. However, it failed to clear the $0.5850 resistance and started another decline like Bitcoin and Ethereum. There was a move below the $0.580 and $0.5750 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5457 swing low to the $0.5835 high. Besides, there was a break below a key rising channel with support at $0.5745 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5750 and the 100-hourly Simple Moving Average. It is holding the 50% Fib retracement level of the upward move from the $0.5457 swing low to the $0.5835 high. On the upside, the price is facing hurdles near the $0.5750 level. The first major resistance is near the $0.580 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.60 resistance. The next major resistance is near the $0.6150 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term. More Losses? If XRP fails to clear the $0.580 resistance zone, it could start another decline. Initial support on the downside is near the $0.5650 level. The next major support is at $0.560. If there is a downside break and a close below the $0.5600 level, the price might continue to decline toward the $0.550 support in the near term. The next major support sits at $0.5350. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5600 and $0.5550. Major Resistance Levels – $0.5800 and $0.5850.

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XRPUSD Ripple