{"id":30116,"date":"2023-09-26T05:52:43","date_gmt":"2023-09-26T09:52:43","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=30116"},"modified":"2023-09-26T05:52:43","modified_gmt":"2023-09-26T09:52:43","slug":"xrp-price-prediction-will-recent-correction-trend-push-xrp-under-0-50","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/26\/xrp-price-prediction-will-recent-correction-trend-push-xrp-under-0-50\/","title":{"rendered":"XRP Price Prediction \u2013 Will Recent Correction Trend Push XRP Under $0.50?"},"content":{"rendered":"

Ripple\u2019s token price is holding gains above $0.50 against the US Dollar. XRP price could take a hit if it fails to recover above $0.512.<\/em><\/p>\n

Ripple\u2019s token price is attempting a fresh increase above $0.508 and $0.512 against the US dollar.
\nThe price is now trading above $0.500 and the 100 simple moving average (4 hours).
\nThere is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might gain bullish momentum if there is a close above $0.512.<\/p>\n

Ripple\u2019s Token Price Holds Key Support<\/h2>\n

In the last XRP price prediction<\/a>, we discussed the chances of more gains in Ripple\u2019s XRP against the US Dollar. The price did climb above the $0.515 resistance level, but upsides were limited, like Bitcoin<\/a> and Ethereum.<\/p>\n

The price struggled to clear the $0.525 resistance. A high was formed near $0.5254 and the price saw a downside correction. There was a move below $0.512 and a spike below $0.50. A low is formed near $0.4907 and the price is now consolidating.<\/p>\n

It is back above the 23.6% Fib retracement level of the recent decline from the $0.5254 swing high to the $0.4907 low. XRP price is also trading above $0.500 and the 100 simple moving average (4 hours).<\/p>\n

On the upside, immediate resistance is near the $0.508 level. Besides, there is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP\/USD pair. The triangle resistance coincides with the 50% Fib retracement level of the recent decline from the $0.5254 swing high to the $0.4907 low.<\/p>\n

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

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

The next major resistance is near the $0.5120 level. A close above the $0.512 level could send the price toward the $0.525 barrier. A successful break above the $0.525 resistance level might start a strong rally toward the $0.555 resistance. Any more gains might call for a test of the $0.580 resistance.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to clear the $0.512 resistance zone, it could start another decline. Initial support on the downside is near the $0.50 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.490. If there is a downside break and a close below the $0.490 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.460 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.500, $0.490, and $0.460.<\/p>\n

Major Resistance Levels \u2013 $0.508, $0.512, and $0.525.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple\u2019s token price is holding gains above $0.50 against the US Dollar. XRP price could take a hit if it fails to recover above $0.512.<\/em><\/p>\n

Ripple\u2019s token price is attempting a fresh increase above $0.508 and $0.512 against the US dollar.
\nThe price is now trading above $0.500 and the 100 simple moving average (4 hours).
\nThere is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might gain bullish momentum if there is a close above $0.512.<\/p>\n

Ripple\u2019s Token Price Holds Key Support<\/h2>\n

In the last XRP price prediction<\/a>, we discussed the chances of more gains in Ripple\u2019s XRP against the US Dollar. The price did climb above the $0.515 resistance level, but upsides were limited, like Bitcoin<\/a> and Ethereum.<\/p>\n

The price struggled to clear the $0.525 resistance. A high was formed near $0.5254 and the price saw a downside correction. There was a move below $0.512 and a spike below $0.50. A low is formed near $0.4907 and the price is now consolidating.<\/p>\n

It is back above the 23.6% Fib retracement level of the recent decline from the $0.5254 swing high to the $0.4907 low. XRP price is also trading above $0.500 and the 100 simple moving average (4 hours).<\/p>\n

On the upside, immediate resistance is near the $0.508 level. Besides, there is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP\/USD pair. The triangle resistance coincides with the 50% Fib retracement level of the recent decline from the $0.5254 swing high to the $0.4907 low.<\/p>\n

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

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

The next major resistance is near the $0.5120 level. A close above the $0.512 level could send the price toward the $0.525 barrier. A successful break above the $0.525 resistance level might start a strong rally toward the $0.555 resistance. Any more gains might call for a test of the $0.580 resistance.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to clear the $0.512 resistance zone, it could start another decline. Initial support on the downside is near the $0.50 zone and the 100 simple moving average (4 hours).<\/p>\n

The next major support is at $0.490. If there is a downside break and a close below the $0.490 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.460 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.500, $0.490, and $0.460.<\/p>\n

Major Resistance Levels \u2013 $0.508, $0.512, and $0.525.<\/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-30116","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\/30116","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=30116"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30116\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30116"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}