cryptd.in

Vaihtoehtoinen LinkedIn krypto-ystävällisille lahjakkuuksille

XRP Price Dips To Support, Can It Bounce Back And Restart Increase?

-

by

osoitteessa

XRP price started a fresh decline from the $0.5320 resistance zone. It is now testing the $0.5180 support and might even test the $0.5120 support zone.

XRP failed near $0.5320 and started a downside correction.
The price is now trading below $0.5250 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could dip further if it stays below the $0.5250 resistance zone.

XRP Price Dips Again

XRP price extended its increase above the $0.5265 level like Bitcoin and Ethereum. The price even spiked above the $0.5300 level before the bears appeared.

A high was formed at $0.5325 and the price started a downside correction. There was a move below the $0.5250 level. It traded below the 50% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high.

The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. However, the bulls are active near the 61.8% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high.

On the upside, the price is facing resistance near the $0.5250 level. There is also a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450.

If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5520 resistance. Any more gains might send the price toward the $0.5650 resistance.

More Losses?

If XRP fails to clear the $0.5250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5165 level.

The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.5020 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.5165 and $0.5120.

Major Resistance Levels – $0.5250 and $0.5320.

Kommentit

Vastaa

Sähköpostiosoitettasi ei julkaista. Pakolliset kentät on merkitty *

Viimeisimmät syötteet

Suositut kategoriat

fi Suomi
fi Suomi en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Etsi verkkosivustolta

Suosittuja tarinoita

Tunnisteet

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentaalit (1) #BitcoinHandlingKäsittelyn (1) #BitcoinHinta (5) #BitcoinPriceLevel (1) #BitcoinPumppu (1) #BitcoinReserve (1) #BitcoinSurgePyrähdys (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokenit (1) #BTChankinta (1) #BullishPrediction (Ennuste) (1) #BullishSentimentti (1) #ChineseMining (1) #CPKatselu (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #Cryptoennusteet (1) #CryptoSääntely (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Hollantilainen tuomioistuin (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumKipu (1) #EthereumPrice (1) #ExpertOpinion (1) #TFedRateCut (1) #FiatCurrency (1) #Rahoitusvaikutus (1) #RahoitusturvaTurvaTurvaTietosuoja (1) #FirmShutdown (1) #Jäädytetyt tilit (1) #IllicitFunds (1) #InflationData (1) 1TP5Sijoitus (1) 1TP5Sijoitustappiot (1) #Japanilainen yritys (1) #LegalAction (1) # Oikeudelliset vaikutukset (1) #Lainsäädäntö (1) #LightningNetwork (1) #M Markkina-analyysi (3) #M Markkinaseuranta (1) #Mmarkkinaennuste (1) #M Markkinaennusteet (1) #M Markkinaprojektio (1) #MarketSupport (1) #Markkinoiden volatiliteetti (1) #Mvaunu (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) 1TP5Rahanpesu (2) #MtGox (4) #NorthKoreaCryptoPohjois-KoreaCrypto (1) #NovogratzEnnustus (1) 1TP5HintaKivi (1) 1TP5Hintaennuste (2) 1TP5HintaKysymys (1) 1TP5HintaPyrähdys (1) #PvankilaLausunto (1) #QuantAnalyysi (1) 1TP5Sääntelypaine (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Ttekninen analyysi (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashKehittäjä (1) #UKCrypto (1) #UpsidePotentiaali (1) #USKongressi (1) #WyomingLand (1) #XRHinta (1) #XRPupswing (1)

Hyödyllisiä linkkejä

Linkkejä, jotka löysin hyödyllisiksi ja halusin jakaa.