XRP Price Ready for Bullish Spike: Fading Bearish Momentum and Solid Support

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	24,409,516,964	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

24,409,516,964

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0224	5.27%	0.4475	0.4474	0.4475

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0224

5.27%

0.4475

0.4474

0.4475

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4485	0.4236	0.4245	0.4251	0.382490 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4485

0.4236

0.4245

0.4251

0.382490 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	20:07:19	221.23	0.4475	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

20:07:19

221.23

0.4475

USD

Price x Volume	Volume	Base Symbol	Related Pairs
17,330,358.17	39,871,853.04	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

17,330,358.17

39,871,853.04

XRP Price Ready for Bullish Spike: Fading Bearish Momentum and Solid Support

04/07/2024 5:28am

NEWSBTC

XRP price extended losses and tested the $0.4440 support zone. The price is correcting losses sharply and might soon retest the $0.4720 resistance. XRP price is correcting losses from the $0.4440 support zone. The price is now trading below $0.4650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might climb higher again if it stays above the $0.450 support zone. XRP Price Revisits Support XRP price struggled to clear the $0.4850 resistance and started a fresh decline, like Bitcoin and Ethereum. The bears took control and pushed the price below the $0.470 support. There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair. The pair even declined heavily below the $0.4550 support level. However, the bulls protected the $0.4440 support level. A low was formed at $0.4439 and the price is now correcting losses. There was a recovery wave above the $0.4520 resistance. The price climbed above the 23.6% Fib retracement level of the recent decline from the $0.4878 swing high to the $0.4439 low. It is now trading below $0.4650 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4620 level. The first major resistance is near the $0.4650 level and the 50% Fib retracement level of the recent decline from the $0.4878 swing high to the $0.4439 low. The next key resistance could be $0.4720. A clear move above the $0.4720 resistance might send the price toward the $0.4850 resistance. The next major resistance is near the $0.500 level. Any more gains might send the price toward the $0.5250 resistance. Another Decline? If XRP fails to clear the $0.4650 resistance zone, it could start another decline. Initial support on the downside is near the $0.4520 level. The next major support is at $0.4440. If there is a downside break and a close below the $0.4440 level, the price might continue to decline toward the $0.4320 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4520 and $0.4440. Major Resistance Levels – $0.4620 and $0.4650.

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XRPUSD Ripple