{"id":35865,"date":"2024-02-07T05:52:45","date_gmt":"2024-02-07T09:52:45","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=35865"},"modified":"2024-02-07T05:52:45","modified_gmt":"2024-02-07T09:52:45","slug":"xrp-price-at-make-or-break-moment-key-levels-to-watch-2","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/07\/xrp-price-at-make-or-break-moment-key-levels-to-watch-2\/","title":{"rendered":"XRP Price At Make-Or-Break Moment, Key Levels To Watch"},"content":{"rendered":"

XRP price is struggling to clear the $0.520 resistance. The price could gain bearish momentum if there is a close below the $0.4850 support.<\/em><\/p>\n

XRP is showing bearish signs below the $0.520 and $0.508 resistance levels.
\nThe price is now trading below $0.520 and the 100 simple moving average (4 hours).
\nThere is a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair is now at risk of more downsides below the $0.5000 support zone.<\/p>\n

XRP Price Faces Many Hurdles<\/h2>\n

In the past few days, XRP price saw a downside reaction below the $0.550 pivot level. The bears remained active and were able to push the price below the $0.500 support zone.<\/p>\n

Recently, there was a recovery wave above the $0.500 level. The bulls pushed the price above the 50% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. However, the bears were active near the $0.525 resistance.<\/p>\n

Ripple\u2019s token failed to clear the 76.4% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. XRP is now trading in a bearish zone below $0.508 and the 100 simple moving average (4 hours), unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

On the upside, immediate resistance is near the $0.512 zone. There is also a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair. The first key resistance is near $0.520, above which the price could rise toward the $0.5320 resistance.<\/p>\n

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

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

A close above the $0.5320 resistance zone could spark a strong increase. The next key resistance is near $0.5550. If the bulls remain in action above the $0.5550 resistance level, there could be a rally toward the $0.5840 resistance. Any more gains might send the price toward the $0.6000 resistance.<\/p>\n

More Downsides?<\/h2>\n

If XRP fails to clear the $0.5120 resistance zone, it could continue to move down. Initial support on the downside is near the $0.500 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, the price might accelerate lower. 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 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 $0.500, $0.485, and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.512, $0.520, and $0.532.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is struggling to clear the $0.520 resistance. The price could gain bearish momentum if there is a close below the $0.4850 support.<\/em><\/p>\n

XRP is showing bearish signs below the $0.520 and $0.508 resistance levels.
\nThe price is now trading below $0.520 and the 100 simple moving average (4 hours).
\nThere is a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair is now at risk of more downsides below the $0.5000 support zone.<\/p>\n

XRP Price Faces Many Hurdles<\/h2>\n

In the past few days, XRP price saw a downside reaction below the $0.550 pivot level. The bears remained active and were able to push the price below the $0.500 support zone.<\/p>\n

Recently, there was a recovery wave above the $0.500 level. The bulls pushed the price above the 50% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. However, the bears were active near the $0.525 resistance.<\/p>\n

Ripple\u2019s token failed to clear the 76.4% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. XRP is now trading in a bearish zone below $0.508 and the 100 simple moving average (4 hours), unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

On the upside, immediate resistance is near the $0.512 zone. There is also a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair. The first key resistance is near $0.520, above which the price could rise toward the $0.5320 resistance.<\/p>\n

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

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

A close above the $0.5320 resistance zone could spark a strong increase. The next key resistance is near $0.5550. If the bulls remain in action above the $0.5550 resistance level, there could be a rally toward the $0.5840 resistance. Any more gains might send the price toward the $0.6000 resistance.<\/p>\n

More Downsides?<\/h2>\n

If XRP fails to clear the $0.5120 resistance zone, it could continue to move down. Initial support on the downside is near the $0.500 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, the price might accelerate lower. 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 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 $0.500, $0.485, and $0.450.<\/p>\n

Major Resistance Levels \u2013 $0.512, $0.520, and $0.532.<\/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-35865","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\/35865","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=35865"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35865\/revisions"}],"predecessor-version":[{"id":35873,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35865\/revisions\/35873"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35865"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}