{"id":2520,"date":"2024-06-11T05:28:18","date_gmt":"2024-06-11T05:28:18","guid":{"rendered":"https:\/\/cryptd.in\/crypto-alert-xrp-price-at-risk-of-significant-downturn\/"},"modified":"2024-06-11T05:28:18","modified_gmt":"2024-06-11T05:28:18","slug":"crypto-alert-xrp-price-at-risk-of-significant-downturn","status":"publish","type":"post","link":"https:\/\/cryptd.in\/de\/crypto-alert-xrp-price-at-risk-of-significant-downturn\/","title":{"rendered":"Crypto Alert: XRP Price at Risk of Significant Downturn"},"content":{"rendered":"

XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support.<\/em><\/p>\n

XRP is gaining bearish momentum below the $0.500 support.
\nThe price is now trading below $0.500 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $0.4950 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could decline heavily if it breaks the $0.480 support zone.<\/p>\n

XRP Price Breaks Support<\/h2>\n

XRP price attempted a recovery wave above $0.4920 like Ethereum<\/a> und Bitcoin<\/a>. The price climbed above the $0.500 resistance zone, but the bears were active near $0.5050.<\/p>\n

A high was formed at $0.5053 and the price is again moving lower. There was a move below the $0.4980 and $0.4950 support levels. The price traded below the 23.6% Fib retracement level of the recovery wave from the $0.4533 swing low to the $0.5053 high.<\/p>\n

Besides, there was a break below a connecting bullish trend line with support at $0.4950 on the hourly chart of the XRP\/USD pair. The pair is now trading just above the 50% Fib retracement level of the recovery wave from the $0.4533 swing low to the $0.5053 high.<\/p>\n

However, it is still trading below $0.50 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4920 level. The first key resistance is near $0.4950. The next major resistance is near the $0.500 level.<\/p>\n

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

A close above the $0.500 resistance zone could send the price higher. The next key resistance is near $0.5050. If there is a close above the $0.5050 resistance level, there could be a steady increase toward the $0.5250 resistance. Any more gains might send the price toward the $0.5350 resistance.<\/p>\n

Mehr Verluste?<\/h2>\n

If XRP fails to clear the $0.4950 resistance zone, it could continue to move down. Initial support on the downside is near the $0.480 level.<\/p>\n

The next major support is at $0.4740. If there is a downside break and a close below the $0.4740 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.4550 support in the near term.<\/p>\n

Technische Indikatoren<\/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 $0.4800 and $0.4740.<\/p>\n

Major Resistance Levels \u2013 $0.4950 and $0.5050.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support. XRP is gaining bearish momentum below the $0.500 support. The price is now trading below $0.500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2520","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"\nCrypto Alert: XRP Price at Risk of Significant Downturn - 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\/de\/crypto-alert-xrp-price-at-risk-of-significant-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Alert: XRP Price at Risk of Significant Downturn - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support. XRP is gaining bearish momentum below the $0.500 support. The price is now trading below $0.500 and the 100-hourly Simple Moving Average. 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