{"id":15786,"date":"2024-10-23T04:18:13","date_gmt":"2024-10-23T04:18:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=15786"},"modified":"2024-10-23T04:18:13","modified_gmt":"2024-10-23T04:18:13","slug":"xrp-price-flashes-bearish-signals-are-more-losses-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=15786","title":{"rendered":"XRP Price Flashes Bearish Signals: Are More Losses Coming?"},"content":{"rendered":"

XRP price is moving lower below the $0.5500 level. The bears might gain strength if there is a close below the $0.5200 support zone.<\/em><\/p>\n

XRP price is correcting gains below the $0.5500 zone.
\nThe price is now trading below $0.5450 and the 100-hourly Simple Moving Average.
\nThere is a new connecting bearish trend line forming with resistance at $0.5365 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could gain bearish momentum if it declines below the $0.5200 support zone.<\/p>\n

XRP Price Dips Further<\/h2>\n

XRP price struggled to extend gains above the $0.5600 level and started a downside correction, like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $0.5550 and $0.5500 levels.<\/p>\n

The price even dipped below $0.5320 and tested $0.5290. A low was at $0.5292 and the price is now consolidating losses and trading below the 23.6% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5292 low.<\/p>\n

The price is now trading below $0.5450 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5365 level. There is also a new connecting bearish trend line forming with resistance at $0.5365 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $0.5440 level. It is close to the 50% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5292 low.<\/p>\n

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

The next key resistance could be $0.5520. A clear move above the $0.5520 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5600 resistance or even $0.5650 in the near term. The next major hurdle might be $0.5800.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $0.5365 resistance zone, it could start another decline. Initial support on the downside is near the $0.5280 level. The next major support is near the $0.5220 level.<\/p>\n

If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.500 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5280 and $0.5220.<\/p>\n

Major Resistance Levels \u2013 $0.5365 and $0.5520.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is moving lower below the $0.5500 level. The bears might gain strength if there is a close below the $0.5200 support zone. XRP price is correcting gains below the $0.5500 zone. The price is now trading below $0.5450 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":15787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15786","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\/15786"}],"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=15786"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15787"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}