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XRPUSD Ripple

0.52422
-0.00327 (-0.62%)
08:29:02 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Ripple XRPUSD Crypto 28,681,455,226 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  -0.00327 -0.62% 0.52422 0.52421 0.52431
High Price Low Price Open Price Prev. Close 52 Week Range
0.5307 0.5186 0.5278 0.5275 0.399480 - 0.950000
Exchange Last Trade Size Trade Price Currency
BSTP 08:29:02 1,000.00 0.52422 USD
Price x Volume Volume Base Symbol Related Pairs
8,638,400.76 16,412,904.77 XRP XRPEUR XRPGBP XRPBTC

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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