{"id":1704,"date":"2024-05-15T05:18:00","date_gmt":"2024-05-15T05:18:00","guid":{"rendered":"https:\/\/cryptd.in\/xrp-price-faces-uphill-battle-struggles-to-initiate-fresh-upside\/"},"modified":"2024-05-15T05:18:00","modified_gmt":"2024-05-15T05:18:00","slug":"xrp-price-faces-uphill-battle-struggles-to-initiate-fresh-upside","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/xrp-price-faces-uphill-battle-struggles-to-initiate-fresh-upside\/","title":{"rendered":"XRP Price Faces Uphill Battle: Struggles to Initiate Fresh Upside"},"content":{"rendered":"

XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120.<\/em><\/p>\n

XRP is struggling to gain pace for a move above the $0.5120 level.
\nThe price is now trading below $0.5050 and the 100-hourly Simple Moving Average.
\nThere is a short-term declining channel forming with resistance at $0.5040 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a decent increase if there is a close above the $0.5120 resistance.<\/p>\n

XRP Price Stuck Near $0.50<\/h2>\n

Yesterday, we discussed how XRP price started a recovery wave, like Bitcoin<\/a> a Ethereum<\/a>. There was a move above the $0.4950 and $0.50 resistance levels.<\/p>\n

The price even moved above $0.5100, but the bears were active near the $0.5120 resistance. A high was formed at $0.5120 and the price is now correcting gains. There was a move below the 50% Fib retracement level of the upward move from the $0.4865 swing low to the $0.5120 high.<\/p>\n

The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. However, the bulls are active above the 61.8% Fib retracement level of the upward move from the $0.4865 swing low to the $0.5120 high.<\/p>\n

Immediate resistance is near the $0.5040 level and the 100-hourly Simple Moving Average. There is also a short-term declining channel forming with resistance at $0.5040 on the hourly chart of the XRP\/USD pair. The first key resistance is near $0.5060. A close above the $0.5060 resistance zone could send the price higher.<\/p>\n

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

The next key resistance is near $0.5120. If the bulls remain in action above the $0.5120 resistance level, there could be a rally toward the $0.5250 resistance. Any more gains might send the price toward the $0.5350 resistance.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $0.5040 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4965 level. The next major support is at $0.4925.<\/p>\n

If there is a downside break and a close below the $0.4925 level, the price might accelerate lower. In the stated case, the price could even drop below the $0.4865 support zone.<\/p>\n

Technick\u00e9 ukazatele<\/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 $0.4965 and $0.4925.<\/p>\n

Major Resistance Levels \u2013 $0.5040 and $0.5120.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120. XRP is struggling to gain pace for a move above the $0.5120 level. The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. There is a short-term […]<\/p>\n","protected":false},"author":0,"featured_media":1705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[133,134,132],"class_list":["post-1704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-cryptobattle","tag-upsidepotential","tag-xrpprice"],"yoast_head":"\nXRP Price Faces Uphill Battle: Struggles to Initiate Fresh Upside - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/cs\/xrp-price-faces-uphill-battle-struggles-to-initiate-fresh-upside\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Faces Uphill Battle: Struggles to Initiate Fresh Upside - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120. XRP is struggling to gain pace for a move above the $0.5120 level. The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. 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