{"id":33285,"date":"2023-11-28T04:52:55","date_gmt":"2023-11-28T08:52:55","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=33285"},"modified":"2023-11-28T04:52:55","modified_gmt":"2023-11-28T08:52:55","slug":"xrp-price-prediction-downside-thrust-possible-before-fresh-surge-to-0-72","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/28\/xrp-price-prediction-downside-thrust-possible-before-fresh-surge-to-0-72\/","title":{"rendered":"XRP Price Prediction \u2013 Downside Thrust Possible Before Fresh Surge To $0.72"},"content":{"rendered":"

XRP price is moving lower from the $0.732 resistance. The price is now at risk of more losses toward the $0.550 support before the bulls take a stand.<\/em><\/p>\n

XRP started a downside correction below $0.638 and $0.612.
\nThe price is now trading below $0.625 and the 100 simple moving average (4 hours).
\nThere is a key declining channel forming with resistance near $0.622 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair dive toward the $0.550 support before the bulls take a stand.<\/p>\n

XRP Price Turns Red<\/h2>\n

In the past few days, XRP saw a steady decline from the $0.740 zone. There was a move below the $0.685 and $0.638 support levels. The price even dived below the $0.612 support, underperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a recovery wave from $0.572, but the bears were active near $0.638. A high was formed near $0.6385 and the price is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the $0.5723 swing low to the $0.6385 high.<\/p>\n

XRP is now trading below $0.625 and the 100 simple moving average (4 hours). There is also a key declining channel forming with resistance near $0.622 on the 4-hour chart.<\/p>\n

On the upside, immediate resistance is near the $0.615 level. The first major resistance is near the $0.622 zone or the 100 simple moving average (4 hours) or the channel upper zone. A close above the $0.622 resistance zone could spark a steady increase.<\/p>\n

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

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

The next key resistance is near $0.638. If the bulls remain in action above the $0.638 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance.<\/p>\n

More Downsides?<\/h2>\n

If XRP fails to clear the $0.622 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone.<\/p>\n

The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 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 $0.588, $0.572, and $0.540.<\/p>\n

Major Resistance Levels \u2013 $0.622, $0.638, and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is moving lower from the $0.732 resistance. The price is now at risk of more losses toward the $0.550 support before the bulls take a stand.<\/em><\/p>\n

XRP started a downside correction below $0.638 and $0.612.
\nThe price is now trading below $0.625 and the 100 simple moving average (4 hours).
\nThere is a key declining channel forming with resistance near $0.622 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair dive toward the $0.550 support before the bulls take a stand.<\/p>\n

XRP Price Turns Red<\/h2>\n

In the past few days, XRP saw a steady decline from the $0.740 zone. There was a move below the $0.685 and $0.638 support levels. The price even dived below the $0.612 support, underperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a recovery wave from $0.572, but the bears were active near $0.638. A high was formed near $0.6385 and the price is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the $0.5723 swing low to the $0.6385 high.<\/p>\n

XRP is now trading below $0.625 and the 100 simple moving average (4 hours). There is also a key declining channel forming with resistance near $0.622 on the 4-hour chart.<\/p>\n

On the upside, immediate resistance is near the $0.615 level. The first major resistance is near the $0.622 zone or the 100 simple moving average (4 hours) or the channel upper zone. A close above the $0.622 resistance zone could spark a steady increase.<\/p>\n

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

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

The next key resistance is near $0.638. If the bulls remain in action above the $0.638 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send XRP toward the $0.720 resistance.<\/p>\n

More Downsides?<\/h2>\n

If XRP fails to clear the $0.622 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.588 zone.<\/p>\n

The next major support is at $0.572. If there is a downside break and a close below the $0.572 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.540 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 $0.588, $0.572, and $0.540.<\/p>\n

Major Resistance Levels \u2013 $0.622, $0.638, and $0.700.<\/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-33285","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\/33285","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=33285"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33285\/revisions"}],"predecessor-version":[{"id":33299,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33285\/revisions\/33299"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33285"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}