XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	27,121,079,309	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

27,121,079,309

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0175	-3.40%	0.4975	0.4974	0.4975

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0175

-3.40%

0.4975

0.4974

0.4975

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5197	0.4878	0.5141	0.515	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5197

0.4878

0.5141

0.515

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:24:18	48.91	0.4975	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:24:18

48.91

0.4975

USD

Price x Volume	Volume	Base Symbol	Related Pairs
27,771,054.26	55,356,346.71	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

27,771,054.26

55,356,346.71

XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

17/04/2024 5:48am

NEWSBTC

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest 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 – $0.480, $0.4550, and $0.420. Major Resistance Levels – $0.5140, $0.5440, and $0.600.

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XRPUSD Ripple