XRP Price Prediction: Ripple Near Make-or-Break Levels, $0.5 Is The Key

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	31,660,354,704	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

31,660,354,704

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0425	7.90%	0.5803	0.5802	0.5803

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0425

7.90%

0.5803

0.5802

0.5803

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5946	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5946

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:21:20	18.72	0.5804	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:21:20

18.72

0.5804

USD

Price x Volume	Volume	Base Symbol	Related Pairs
116,356,235.55	205,384,257.66	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

116,356,235.55

205,384,257.66

XRP Price Prediction: Ripple Near Make-or-Break Levels, $0.5 Is The Key

07/04/2023 6:44am

NEWSBTC

Ripple started a downside correction below the $0.5350 level against the US Dollar. XRP price must stay above $0.50 and $0.482 to start a fresh increase in the near term. Ripple started a downside correction from the $0.5850 resistance against the US dollar. The price is now trading above $0.482 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.500 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase unless there is a break below $0.482. Ripple Price Revisits Key Support This past week, ripple’s XRP climbed above the $0.5400 resistance against the US Dollar, outperforming Bitcoin and Ethereum. The price even spiked above $0.565 before the bears appeared. It started a downside correction from the $0.5847 high. The price declined below the $0.565 and $0.550 levels. Finally, the bulls appeared near $0.500 and $0.482. A low is formed near $0.4822 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.5847 high to the $0.4822 low. XRP price is now trading above $0.500 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.500 on the 4-hours chart of the XRP/USD pair. On the upside, an initial resistance is near the $0.5200 zone. Source: XRPUSD on TradingView.com The first major resistance is near the $0.5350 level. It is near the 50% Fib retracement level of the downward move from the $0.5847 high to the $0.4822 low. A successful break above the $0.535 resistance might send the price toward the $0.550 resistance. Any more gains might send the price toward the $0.585 level. Are Dips Supported in XRP? If ripple fails to clear the $0.535 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4980 level and the trend line. The next major support is near $0.482. If there is a downside break and a close below the $0.482 level, XRP’s price could extend losses. In the stated case, the price could test the $0.420 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 – $0.500, $0.482, and $0.420. Major Resistance Levels – $0.520, $0.535, and $0.585.

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XRPUSD Ripple