{"id":29265,"date":"2023-09-07T04:52:38","date_gmt":"2023-09-07T08:52:38","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=29265"},"modified":"2023-09-07T04:52:38","modified_gmt":"2023-09-07T08:52:38","slug":"xrp-price-prediction-breaking-this-confluence-resistance-could-spark-recovery","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/07\/xrp-price-prediction-breaking-this-confluence-resistance-could-spark-recovery\/","title":{"rendered":"XRP Price Prediction \u2013 Breaking This Confluence Resistance Could Spark Recovery"},"content":{"rendered":"

Ripple\u2019s token price is holding the $0.485 support against the US Dollar. XRP price could start a recovery wave if it clears $0.510 and $0.525.<\/em><\/p>\n

Ripple\u2019s token price is struggling to recover above $0.510 and $0.525 against the US dollar.
\nThe price is now trading below $0.520 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another decline if it stays below $0.525 in the short term.<\/p>\n

Ripple\u2019s Token Price Eyes Recovery<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a steady decline from the $0.550 resistance against the US Dollar. The price declined below the $0.532 and $0.525 support levels.<\/p>\n

It even spiked below the $0.500 support. A low is formed near $0.4863 and the price is now attempting a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>. It is now trading near the 23.6% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low.<\/p>\n

XRP is now trading below $0.520 and the 100 simple moving average (4 hours). It is also trading near a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart.<\/p>\n

Initial resistance on the upside is near the $0.502 zone and the trend line. The next major resistance is near the $0.518 level or the 50% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low.<\/p>\n\n

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

The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might send the price toward the $0.532 resistance. Any more gains might call for a test of the $0.550 resistance.<\/p>\n

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

If ripple fails to clear the $0.525 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 zone.<\/p>\n

The next major support is at $0.485. If there is a downside break and a close below the $0.485 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.450 support zone.<\/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 $0.490, $0.485, and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.518, $0.520, and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is holding the $0.485 support against the US Dollar. XRP price could start a recovery wave if it clears $0.510 and $0.525.<\/em><\/p>\n

Ripple\u2019s token price is struggling to recover above $0.510 and $0.525 against the US dollar.
\nThe price is now trading below $0.520 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another decline if it stays below $0.525 in the short term.<\/p>\n

Ripple\u2019s Token Price Eyes Recovery<\/h2>\n

In the past few days, Ripple\u2019s XRP saw a steady decline from the $0.550 resistance against the US Dollar. The price declined below the $0.532 and $0.525 support levels.<\/p>\n

It even spiked below the $0.500 support. A low is formed near $0.4863 and the price is now attempting a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>. It is now trading near the 23.6% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low.<\/p>\n

XRP is now trading below $0.520 and the 100 simple moving average (4 hours). It is also trading near a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart.<\/p>\n

Initial resistance on the upside is near the $0.502 zone and the trend line. The next major resistance is near the $0.518 level or the 50% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low.<\/p>\n

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

The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might send the price toward the $0.532 resistance. Any more gains might call for a test of the $0.550 resistance.<\/p>\n

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

If ripple fails to clear the $0.525 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 zone.<\/p>\n

The next major support is at $0.485. If there is a downside break and a close below the $0.485 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.450 support zone.<\/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 $0.490, $0.485, and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.518, $0.520, and $0.550.<\/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-29265","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\/29265","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=29265"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29265\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}