{"id":12482,"date":"2022-11-22T05:57:39","date_gmt":"2022-11-22T09:57:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12482"},"modified":"2022-11-22T05:57:39","modified_gmt":"2022-11-22T09:57:39","slug":"xrp-price-holds-ground-while-btc-and-eth-slide-heres-breakout-zone","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/22\/xrp-price-holds-ground-while-btc-and-eth-slide-heres-breakout-zone\/","title":{"rendered":"XRP Price Holds Ground While BTC and ETH Slide, Here\u2019s Breakout Zone"},"content":{"rendered":"

Ripple failed to clear $0.40 and corrected lower against the US Dollar. XRP price could start a decent increase if it stays above the $0.345 support zone.<\/em><\/p>\n

Ripple started a fresh decline from the $0.40 resistance zone against the US dollar.
\nThe price is now trading below $0.380 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a strong increase if it clears the $0.388 resistance zone.<\/p>\n

Ripple Price Remains Supported<\/h2>\n

This past week, ripple\u2019s XRP attempted an upside break above the $0.40 resistance against the US Dollar. However, the bears remained active near $0.40 and pushed the price lower.<\/p>\n

However, the recent decline was limited when compared to bitcoin<\/a> and ethereum<\/a>. The price declined below the $0.372 and $0.365 support levels. It traded as low as $0.3458 and is currently consolidating losses. It is trading below $0.380 and the 100 simple moving average (4-hours).<\/p>\n

XRP price is now facing hurdles near $0.370. It is close to the 50% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low.<\/p>\n

There is also a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP\/USD pair. A successful break above the trend line resistance might send the price towards the $0.380 resistance or the 76.4% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low.<\/p>\n

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

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $0.388 level. The main barrier is still near the $0.40 level. Any more gains might send the price towards the $0.45 level.<\/p>\n

Dips Supported in XRP?<\/h2>\n

If ripple fails to clear the $0.388 resistance zone, it could slowly move down. An initial support on the downside is near the $0.345 level.<\/p>\n

The next major support is near $0.332. If there is a downside break and close below the $0.332 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.345, $0.332 and $0.320.<\/p>\n

Major Resistance Levels \u2013 $0.371, $0.388 and $0.400.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple failed to clear $0.40 and corrected lower against the US Dollar. XRP price could start a decent increase if it stays above the $0.345 support zone.<\/em><\/p>\n

Ripple started a fresh decline from the $0.40 resistance zone against the US dollar.
\nThe price is now trading below $0.380 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a strong increase if it clears the $0.388 resistance zone.<\/p>\n

Ripple Price Remains Supported<\/h2>\n

This past week, ripple\u2019s XRP attempted an upside break above the $0.40 resistance against the US Dollar. However, the bears remained active near $0.40 and pushed the price lower.<\/p>\n

However, the recent decline was limited when compared to bitcoin<\/a> and ethereum<\/a>. The price declined below the $0.372 and $0.365 support levels. It traded as low as $0.3458 and is currently consolidating losses. It is trading below $0.380 and the 100 simple moving average (4-hours).<\/p>\n

XRP price is now facing hurdles near $0.370. It is close to the 50% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low.<\/p>\n

There is also a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP\/USD pair. A successful break above the trend line resistance might send the price towards the $0.380 resistance or the 76.4% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low.<\/p>\n

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

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $0.388 level. The main barrier is still near the $0.40 level. Any more gains might send the price towards the $0.45 level.<\/p>\n

Dips Supported in XRP?<\/h2>\n

If ripple fails to clear the $0.388 resistance zone, it could slowly move down. An initial support on the downside is near the $0.345 level.<\/p>\n

The next major support is near $0.332. If there is a downside break and close below the $0.332 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.345, $0.332 and $0.320.<\/p>\n

Major Resistance Levels \u2013 $0.371, $0.388 and $0.400.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-12482","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=12482"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12482\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}