XRP Price Prediction: Bulls Take Hit But This Level Could Trigger Another Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	32,735,159,094	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

32,735,159,094

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0056	-0.93%	0.598	0.5981	0.5982

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0056

-0.93%

0.598

0.5981

0.5982

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.6023	0.5947	0.6014	0.6036	0.382490 - 0.785000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.6023

0.5947

0.6014

0.6036

0.382490 - 0.785000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:44:06	139.88	0.5981	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:44:06

139.88

0.5981

USD

Price x Volume	Volume	Base Symbol	Related Pairs
6,663,740.42	11,144,687.85	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

6,663,740.42

11,144,687.85

XRP Price Prediction: Bulls Take Hit But This Level Could Trigger Another Increase

22/02/2024 5:48am

NEWSBTC

XRP price started a downside correction from the $0.580 resistance. The price could start a fresh rally unless there is a close below the $0.535 support. XRP is struggling to clear the $0.5650 and $0.580 resistance levels. The price is now trading above $0.535 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally unless there is a close below the $0.535 support. XRP Price Dips To Key Support In the past few days, XRP price recovered higher from the $0.520 zone. There was a move above the $0.535 and $0.550 resistance levels. However, the bears remained active near the $0.580 resistance and protected more upsides, like Bitcoin and Ethereum. The recent high was formed at $0.5792 before there was a downside correction. There was a move below the $0.550 level. The price even tested the $0.535 support. A low is formed near $0.5322 and the price is now consolidating losses. Ripple’s token price is now trading above $0.535 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP/USD pair. On the upside, immediate resistance is near the $0.5550 zone. It is close to the 50% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low. The first key resistance is near $0.5620 or the 61.8% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low, above which the price could rise toward the $0.580 resistance. A close above the $0.580 resistance zone could spark a strong increase. Source: XRPUSD on TradingView.com The next key resistance is near $0.600. If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.620 resistance. Any more gains might send the price toward the $0.650 resistance. Another Decline? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.535 zone and the trend line. The next major support is at $0.5220. If there is a downside break and a close below the $0.5220 level, the price might accelerate lower. In the stated case, the price could retest the $0.480 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing 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 – $0.535, $0.522, and $0.480. Major Resistance Levels – $0.555, $0.565, and $0.580.

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XRPUSD Ripple