CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
NewsBTC 2024-07-19 04:48:11

XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

XRP price struggled near $0.6375 and corrected gains. The price is now trading near $0.540 and might remain stable unless it dives below $0.520. XRP price started a downside correction from the $0.6375 zone. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there is a move below $0.540 and $0.520. XRP Price Takes A Hit XRP price struggled to continue higher above the $0.6375 resistance zone and started a fresh decline. The price declined below the $0.620 and $0.600 support levels, like Ethereum and Bitcoin. There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP/USD pair. The pair even declined below the $0.5650 support and the 100-hourly Simple Moving Average. A low is formed at $0.5404 and the price is now consolidating losses. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price could face resistance near the $0.5640 level and the 23.6% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low. The first major resistance is near the $0.5850 level or the 50% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.620 resistance. The next major resistance is near the $0.6375 level. Any more gains might send the price toward the $0.650 resistance. More Downsides? If XRP fails to clear the $0.5850 resistance zone, it could continue to move down. Initial support on the downside is near the $0.540 level. The next major support is at $0.520. If there is a downside break and a close below the $0.520 level, the price might continue to decline toward the $0.50 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.540 and $0.520. Major Resistance Levels – $0.5850 and $0.6000.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine