{"id":14547,"date":"2022-12-22T05:52:34","date_gmt":"2022-12-22T09:52:34","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=14547"},"modified":"2022-12-22T05:52:34","modified_gmt":"2022-12-22T09:52:34","slug":"xrp-price-prediction-bearish-continuation-below-0-33-seems-likely","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/22\/xrp-price-prediction-bearish-continuation-below-0-33-seems-likely\/","title":{"rendered":"XRP Price Prediction: Bearish Continuation Below $0.33 Seems Likely"},"content":{"rendered":"

Ripple is consolidating below the $0.35 resistance zone against the US Dollar. XRP price could extend its decline if there is no recovery wave above the $0.35 barrier.<\/em><\/p>\n

Ripple is currently consolidating below the $0.35 and $0.365 levels against the US dollar.
\nThe price is now trading below $0.365 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a decent recovery if it clears the $0.350 resistance zone.<\/p>\n

Ripple Price Faces Resistance<\/h2>\n

After struggling to clear the $0.40 resistance, ripple\u2019s XRP started a fresh decline against the US Dollar. The price dropped below the $0.380 and $0.365 support levels to move into a bearish zone.<\/p>\n

The price gained pace below the $0.35 support and settled below the 100 simple moving average (4-hours). The bulls finally appeared near the $0.332 level. A low is formed near $0.3321 and the price is now consolidating losses, just like bitcoin<\/a> and ethereum<\/a>.<\/p>\n

Xrp price climbed a few points above the $0.340 level. An immediate resistance is near the $0.350 zone. There is also a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP\/USD pair. The trend line is close to the 23.6% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low.<\/p>\n

A successful break above the $0.350 resistance might send the price towards the $0.365 resistance. It is close to the 50% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low.<\/p>\n

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

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

The next key resistance is near the $0.372 level and 100 simple moving average (4-hours). Any more gains might send the price towards the $0.40 level in the coming days.<\/p>\n

More Downsides in XRP?<\/h2>\n

If ripple fails to clear the $0.350 resistance zone, it could continue to move down. An initial support on the downside is near the $0.340 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 $0.340, $0.332 and $0.305.<\/p>\n

Major Resistance Levels \u2013 $0.350, $0.365 and $0.372.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is consolidating below the $0.35 resistance zone against the US Dollar. XRP price could extend its decline if there is no recovery wave above the $0.35 barrier.<\/em><\/p>\n

Ripple is currently consolidating below the $0.35 and $0.365 levels against the US dollar.
\nThe price is now trading below $0.365 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a decent recovery if it clears the $0.350 resistance zone.<\/p>\n

Ripple Price Faces Resistance<\/h2>\n

After struggling to clear the $0.40 resistance, ripple\u2019s XRP started a fresh decline against the US Dollar. The price dropped below the $0.380 and $0.365 support levels to move into a bearish zone.<\/p>\n

The price gained pace below the $0.35 support and settled below the 100 simple moving average (4-hours). The bulls finally appeared near the $0.332 level. A low is formed near $0.3321 and the price is now consolidating losses, just like bitcoin<\/a> and ethereum<\/a>.<\/p>\n

Xrp price climbed a few points above the $0.340 level. An immediate resistance is near the $0.350 zone. There is also a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP\/USD pair. The trend line is close to the 23.6% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low.<\/p>\n

A successful break above the $0.350 resistance might send the price towards the $0.365 resistance. It is close to the 50% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low.<\/p>\n

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

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

The next key resistance is near the $0.372 level and 100 simple moving average (4-hours). Any more gains might send the price towards the $0.40 level in the coming days.<\/p>\n

More Downsides in XRP?<\/h2>\n

If ripple fails to clear the $0.350 resistance zone, it could continue to move down. An initial support on the downside is near the $0.340 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 $0.340, $0.332 and $0.305.<\/p>\n

Major Resistance Levels \u2013 $0.350, $0.365 and $0.372.<\/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-14547","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\/14547","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=14547"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/14547\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=14547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=14547"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=14547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}