{"id":13498,"date":"2022-12-07T06:53:32","date_gmt":"2022-12-07T10:53:32","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=13498"},"modified":"2022-12-07T06:53:32","modified_gmt":"2022-12-07T10:53:32","slug":"xrp-price-prediction-bears-struggle-time-to-buy-the-dip","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/07\/xrp-price-prediction-bears-struggle-time-to-buy-the-dip\/","title":{"rendered":"XRP Price Prediction: Bears Struggle, Time To Buy The Dip?"},"content":{"rendered":"

Ripple is consolidating above the $0.375 support zone against the US Dollar. XRP price could gain pace if it clears the $0.40 and $0.415 resistance levels.<\/em><\/p>\n

Ripple is currently consolidating above the $0.375 and $0.380 levels against the US dollar.
\nThe price is now trading near $0.388 and the 100 simple moving average (4-hours).
\nThere is a key contracting triangle forming with support near $0.382 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 $0.400 resistance zone.<\/p>\n

Ripple Price Remains Supported<\/h2>\n

After forming a base above the $0.345 level, ripple\u2019s XRP started a decent increase<\/a> against the US Dollar. The price was able to surpass the $0.375 and $0.380 resistance levels.<\/p>\n

The price even spiked above the $0.40 level and settled above the 100 simple moving average (4-hours). However, the bears were active near the $0.423 zone. A high was formed near $0.423 before there was a downside correction, just like bitcoin<\/a>.<\/p>\n

Xrp price declined below the $0.40 support and the 100 simple moving average (4-hours). There was a clear move below the 50% Fib retracement level of the upward move from the $0.3458 swing low to $0.423 high.<\/p>\n

The bulls are now active near the $0.375 level. There is also a key contracting triangle forming with support near $0.382 on the 4-hours chart of the XRP\/USD pair. The price is currently consolidating above the $0.375 and $0.380 levels.<\/p>\n

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

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

An immediate resistance is near the $0.400 zone. A successful break above the $0.400 resistance might send the price towards the $0.425 resistance. The next key resistance is near the $0.450 level. Any more gains might send the price towards the $0.50 level in the coming days.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to clear the $0.400 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.382 level and the contracting trend line.<\/p>\n

The next major support is near $0.375. If there is a downside break and close below the $0.375 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.345 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 near the 50 level.<\/p>\n

Major Support Levels \u2013 $0.382, $0.375 and $0.345.<\/p>\n

Major Resistance Levels \u2013 $0.400, $0.425 and $0.450.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is consolidating above the $0.375 support zone against the US Dollar. XRP price could gain pace if it clears the $0.40 and $0.415 resistance levels.<\/em><\/p>\n

Ripple is currently consolidating above the $0.375 and $0.380 levels against the US dollar.
\nThe price is now trading near $0.388 and the 100 simple moving average (4-hours).
\nThere is a key contracting triangle forming with support near $0.382 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 $0.400 resistance zone.<\/p>\n

Ripple Price Remains Supported<\/h2>\n

After forming a base above the $0.345 level, ripple\u2019s XRP started a decent increase<\/a> against the US Dollar. The price was able to surpass the $0.375 and $0.380 resistance levels.<\/p>\n

The price even spiked above the $0.40 level and settled above the 100 simple moving average (4-hours). However, the bears were active near the $0.423 zone. A high was formed near $0.423 before there was a downside correction, just like bitcoin<\/a>.<\/p>\n

Xrp price declined below the $0.40 support and the 100 simple moving average (4-hours). There was a clear move below the 50% Fib retracement level of the upward move from the $0.3458 swing low to $0.423 high.<\/p>\n

The bulls are now active near the $0.375 level. There is also a key contracting triangle forming with support near $0.382 on the 4-hours chart of the XRP\/USD pair. The price is currently consolidating above the $0.375 and $0.380 levels.<\/p>\n

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

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

An immediate resistance is near the $0.400 zone. A successful break above the $0.400 resistance might send the price towards the $0.425 resistance. The next key resistance is near the $0.450 level. Any more gains might send the price towards the $0.50 level in the coming days.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to clear the $0.400 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.382 level and the contracting trend line.<\/p>\n

The next major support is near $0.375. If there is a downside break and close below the $0.375 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.345 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 near the 50 level.<\/p>\n

Major Support Levels \u2013 $0.382, $0.375 and $0.345.<\/p>\n

Major Resistance Levels \u2013 $0.400, $0.425 and $0.450.<\/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-13498","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\/13498","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=13498"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13498\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=13498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=13498"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=13498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}