{"id":28975,"date":"2023-08-31T05:53:10","date_gmt":"2023-08-31T09:53:10","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=28975"},"modified":"2023-08-31T05:53:10","modified_gmt":"2023-08-31T09:53:10","slug":"xrp-price-prediction-topside-bias-vulnerable-unless-bulls-clear-this-hurdle","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/31\/xrp-price-prediction-topside-bias-vulnerable-unless-bulls-clear-this-hurdle\/","title":{"rendered":"XRP Price Prediction \u2013 Topside Bias Vulnerable Unless Bulls Clear This Hurdle"},"content":{"rendered":"

Ripple\u2019s token price is showing bearish signs below $0.550 against the US Dollar. XRP price could start another decline if it trades below $0.500.<\/em><\/p>\n

Ripple\u2019s token price is struggling to recover above $0.540 and $0.550 against the US dollar.
\nThe price is now trading below $0.550 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another decline if there is a break below $0.500.<\/p>\n

Ripple\u2019s Token Price Eyes Fresh Increase<\/h2>\n

After a sharp decline to $0.40, Ripple\u2019s XRP started a recovery wave against the US Dollar. The price recovered above the $0.48 and $0.50 resistance levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price was able to surpass the $0.520 resistance as well. Finally, there was a spike above the 50% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. The bulls are now facing an uphill task near $0.550.<\/p>\n

XRP is still trading below $0.540 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair.<\/p>\n\n

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

Initial resistance on the upside is near the $0.540 zone and the trend line. The next major resistance is near the $0.550 level or the 61.8% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. A successful break above the $0.550 resistance level might send the price toward the $0.60 resistance. Any more gains might call for a test of the $0.625 resistance.<\/p>\n

Another Drop in XRP?<\/h2>\n

If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.505 zone.<\/p>\n

The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.435 support zone.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.505, $0.500, and $0.435.<\/p>\n

Major Resistance Levels \u2013 $0.540, $0.550, and $0.600.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is showing bearish signs below $0.550 against the US Dollar. XRP price could start another decline if it trades below $0.500.<\/em><\/p>\n

Ripple\u2019s token price is struggling to recover above $0.540 and $0.550 against the US dollar.
\nThe price is now trading below $0.550 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another decline if there is a break below $0.500.<\/p>\n

Ripple\u2019s Token Price Eyes Fresh Increase<\/h2>\n

After a sharp decline to $0.40, Ripple\u2019s XRP started a recovery wave against the US Dollar. The price recovered above the $0.48 and $0.50 resistance levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price was able to surpass the $0.520 resistance as well. Finally, there was a spike above the 50% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. The bulls are now facing an uphill task near $0.550.<\/p>\n

XRP is still trading below $0.540 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

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

Initial resistance on the upside is near the $0.540 zone and the trend line. The next major resistance is near the $0.550 level or the 61.8% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. A successful break above the $0.550 resistance level might send the price toward the $0.60 resistance. Any more gains might call for a test of the $0.625 resistance.<\/p>\n

Another Drop in XRP?<\/h2>\n

If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.505 zone.<\/p>\n

The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.435 support zone.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.505, $0.500, and $0.435.<\/p>\n

Major Resistance Levels \u2013 $0.540, $0.550, and $0.600.<\/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-28975","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\/28975","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=28975"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28975\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28975"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}