{"id":12775,"date":"2024-10-10T04:08:51","date_gmt":"2024-10-10T04:08:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12775"},"modified":"2024-10-10T04:08:51","modified_gmt":"2024-10-10T04:08:51","slug":"xrp-price-slows-down-will-bears-take-over-or-bulls-fight-back","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12775","title":{"rendered":"XRP Price Slows Down: Will Bears Take Over or Bulls Fight Back?"},"content":{"rendered":"

XRP price is still trading in a range below the $0.550 level. The price is slowly moving lower and there could be more downsides below $0.520.<\/em><\/p>\n

XRP price is still stuck in a range above the $0.5080 support.
\nThe price is now trading below $0.5300 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $0.5285 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.5300 and $0.5320 resistance levels.<\/p>\n

XRP Price Dips Further<\/h2>\n

XRP price failed to start a fresh increase above the $0.5350 resistance. It started another decline and traded below the $0.5250 support level.<\/p>\n

However, losses were limited compared to Bitcoin<\/a> and Ethereum<\/a>. A low was formed at $0.5210 and the price is now consolidating losses. There was a minor increase within a range and the price climbed above the $0.5250 resistance.<\/p>\n

The price cleared the 23.6% Fib retracement level of the downward wave from the $0.5354 swing high to the $0.5210 low. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average.<\/p>\n

If there is another increase, the price might face resistance near the $0.5300 level. There is also a connecting bearish trend line forming with resistance at $0.5285 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward wave from the $0.5354 swing high to the $0.5210 low.<\/p>\n

<\/a><\/p>\n

The first major resistance is near the $0.5350 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5650 resistance or even $0.580 in the near term. The next major hurdle might be $0.600.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5220 level. The next major support is near the $0.520 level.<\/p>\n

If there is a downside break and a close below the $0.520 level, the price might continue to decline toward the $0.5150 support in the near term. The next major support sits near the $0.5080 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.5220 and $0.5200.<\/p>\n

Major Resistance Levels \u2013 $0.5350 and $0.5450.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is still trading in a range below the $0.550 level. The price is slowly moving lower and there could be more downsides below $0.520. XRP price is still stuck in a range above the $0.5080 support. The price is now trading below $0.5300 and the 100-hourly Simple Moving Average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":12776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12775"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12775"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12776"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}