{"id":22550,"date":"2023-04-25T06:53:25","date_gmt":"2023-04-25T10:53:25","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=22550"},"modified":"2023-04-25T06:53:25","modified_gmt":"2023-04-25T10:53:25","slug":"xrp-price-prediction-ripple-trades-near-make-or-breaks-levels","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/25\/xrp-price-prediction-ripple-trades-near-make-or-breaks-levels\/","title":{"rendered":"XRP Price Prediction: Ripple Trades Near Make-or-Breaks Levels"},"content":{"rendered":"

Ripple is consolidating above the $0.440 support against the US Dollar. XRP price could recover if it clears the $0.480 resistance zone.<\/em><\/p>\n

Ripple started a fresh decline from the $0.5380 zone against the US dollar.
\nThe price is now trading below $0.500 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with support near $0.450 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might decline further if it stays below the $0.480 and $0.500 resistance levels.<\/p>\n

Ripple Price Drops To $0.44<\/h2>\n

After a steady increase, Ripple\u2019s XRP faced sellers near the $0.538 level against the US Dollar. A high was formed near $0.5382 and the price started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.520 and $0.500 support levels. The price even declined below $0.450 and tested $0.440. A low is formed near $0.4403 and the price is now consolidating losses. It is now trading below $0.500 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key contracting triangle forming with support near $0.450 on the 4-hour chart of the XRP\/USD pair. Initial resistance is near the $0.464 zone or the 23.6% Fib retracement level of the downward move from the $0.5382 swing high to the $0.4403 low.<\/p>\n

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

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

The first major resistance is near the $0.490 level or the 50% Fib retracement level of the downward move from the $0.5382 swing high to the $0.4403 low. A successful break above the $0.490 and $0.500 resistance levels might send the price toward the $0.5252 resistance. Any more gains might send the price toward the $0.5380 zone.<\/p>\n

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

If ripple fails to clear the $0.490 resistance zone, it could continue to move down. Initial support on the downside is near the $0.452 zone.<\/p>\n

The next major support is near $0.440. The main support is near $0.400. If there is a downside break and a close below the $0.400 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.365 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.450, $0.440, and $0.400.<\/p>\n

Major Resistance Levels \u2013 $0.490, $0.500, and $0.538.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is consolidating above the $0.440 support against the US Dollar. XRP price could recover if it clears the $0.480 resistance zone.<\/em><\/p>\n

Ripple started a fresh decline from the $0.5380 zone against the US dollar.
\nThe price is now trading below $0.500 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with support near $0.450 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might decline further if it stays below the $0.480 and $0.500 resistance levels.<\/p>\n

Ripple Price Drops To $0.44<\/h2>\n

After a steady increase, Ripple\u2019s XRP faced sellers near the $0.538 level against the US Dollar. A high was formed near $0.5382 and the price started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.520 and $0.500 support levels. The price even declined below $0.450 and tested $0.440. A low is formed near $0.4403 and the price is now consolidating losses. It is now trading below $0.500 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key contracting triangle forming with support near $0.450 on the 4-hour chart of the XRP\/USD pair. Initial resistance is near the $0.464 zone or the 23.6% Fib retracement level of the downward move from the $0.5382 swing high to the $0.4403 low.<\/p>\n

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

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

The first major resistance is near the $0.490 level or the 50% Fib retracement level of the downward move from the $0.5382 swing high to the $0.4403 low. A successful break above the $0.490 and $0.500 resistance levels might send the price toward the $0.5252 resistance. Any more gains might send the price toward the $0.5380 zone.<\/p>\n

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

If ripple fails to clear the $0.490 resistance zone, it could continue to move down. Initial support on the downside is near the $0.452 zone.<\/p>\n

The next major support is near $0.440. The main support is near $0.400. If there is a downside break and a close below the $0.400 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.365 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.450, $0.440, and $0.400.<\/p>\n

Major Resistance Levels \u2013 $0.490, $0.500, and $0.538.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22550","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\/22550","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=22550"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22550\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22550"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}