{"id":23083,"date":"2023-05-02T05:52:36","date_gmt":"2023-05-02T09:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=23083"},"modified":"2023-05-02T05:52:36","modified_gmt":"2023-05-02T09:52:36","slug":"xrp-price-prediction-ripple-bears-target-fresh-lows-as-sentiment-dips","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/02\/xrp-price-prediction-ripple-bears-target-fresh-lows-as-sentiment-dips\/","title":{"rendered":"XRP Price Prediction: Ripple Bears Target Fresh Lows As Sentiment Dips"},"content":{"rendered":"

Ripple is struggling to recover above the $0.48 resistance against the US Dollar. XRP price could extend losses if there is a close below the $0.44 support.<\/em><\/p>\n

Ripple started a fresh decline from the $0.500 zone against the US dollar.
\nThe price is now trading below $0.488 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.470 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might decline further if it stays below the $0.488 and $0.500 resistance levels.<\/p>\n

Ripple Price Faces Hurdles<\/h2>\n

After a minor upward move, Ripple\u2019s XRP struggled to gain pace for a move above the $0.50 resistance against the US Dollar. A high is formed near $0.4868 and the price is moving lower, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.475 and $0.470 support levels. The price is now trading near the 50% Fib retracement level of the upward move from the $0.4332 swing low to the $0.4868 high. It is now trading below $0.488 and the 100 simple moving average (4 hours).<\/p>\n

Initial resistance is near the $0.470 zone. There is also a key bearish trend line forming with resistance near $0.470 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

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

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

The first major resistance is near the $0.480 level or the 100 simple moving average (4 hours). The main resistance is near the $0.488 level. A successful break above the $0.480 and $0.488 resistance levels might send the price toward the $0.520 resistance. Any more gains might send the price toward the $0.535 resistance.<\/p>\n

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

If ripple fails to clear the $0.480 resistance zone, it could continue to move down. Initial support on the downside is near the $0.454 zone or the 61.8% Fib retracement level of the upward move from the $0.4332 swing low to the $0.4868 high.<\/p>\n

The next major support is near $0.440. If there is a downside break and a close below the $0.440 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.400 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 $0.454, $0.440, and $0.400.<\/p>\n

Major Resistance Levels \u2013 $0.480, $0.488, and $0.500.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is struggling to recover above the $0.48 resistance against the US Dollar. XRP price could extend losses if there is a close below the $0.44 support.<\/em><\/p>\n

Ripple started a fresh decline from the $0.500 zone against the US dollar.
\nThe price is now trading below $0.488 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.470 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might decline further if it stays below the $0.488 and $0.500 resistance levels.<\/p>\n

Ripple Price Faces Hurdles<\/h2>\n

After a minor upward move, Ripple\u2019s XRP struggled to gain pace for a move above the $0.50 resistance against the US Dollar. A high is formed near $0.4868 and the price is moving lower, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.475 and $0.470 support levels. The price is now trading near the 50% Fib retracement level of the upward move from the $0.4332 swing low to the $0.4868 high. It is now trading below $0.488 and the 100 simple moving average (4 hours).<\/p>\n

Initial resistance is near the $0.470 zone. There is also a key bearish trend line forming with resistance near $0.470 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

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

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

The first major resistance is near the $0.480 level or the 100 simple moving average (4 hours). The main resistance is near the $0.488 level. A successful break above the $0.480 and $0.488 resistance levels might send the price toward the $0.520 resistance. Any more gains might send the price toward the $0.535 resistance.<\/p>\n

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

If ripple fails to clear the $0.480 resistance zone, it could continue to move down. Initial support on the downside is near the $0.454 zone or the 61.8% Fib retracement level of the upward move from the $0.4332 swing low to the $0.4868 high.<\/p>\n

The next major support is near $0.440. If there is a downside break and a close below the $0.440 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.400 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 $0.454, $0.440, and $0.400.<\/p>\n

Major Resistance Levels \u2013 $0.480, $0.488, and $0.500.<\/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-23083","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\/23083","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=23083"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23083\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=23083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=23083"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=23083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}