Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might drop further similar to bitcoin.<\/p>\n
Ripple faced a strong selling interest near the $0.55 zone against the US dollar.
\nThe price is now trading below $0.500 and the 100 simple moving average (4-hours).
\nThere was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could decline heavily if there is a clear move below the $0.4650 support.<\/p>\n
Ripple\u2019s XRP Price Starts Decline<\/p>\n
This past week, ripple\u2019s XRP started a steady increase from the $0.4500 support zone. There was a clear move above the $0.480 and $0.505 resistance levels.<\/p>\n
The price climbed above the $0.520 resistance, outperforming bitcoin<\/a> and ethereum<\/a>\u2019s ether. However, the bulls failed once again to clear the key $0.550 resistance zone. A high was formed near $0.5486 and the price started a fresh decline.<\/p>\n XRP price declined below the $0.52 and $0.50 support levels. There was a move below the 50% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\n Besides, there was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair. The price is now trading below $0.500 and the 100 simple moving average (4-hours).\u2019<\/a><\/p>\n Source: XRPUSD on TradingView.com<\/a><\/p>\n On the upside, the price is facing resistance near the $0.4825 level. The first major resistance is near the $0.500 zone. A successful break above the $0.50 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.520 level, above which the bulls are likely to aim a retest of the $0.55 barrier.<\/p>\n Downside Break in XRP?<\/p>\n If ripple fails to start a fresh increase above the $0.50 level, it could continue to move down. An initial support on the downside is near the $0.465 level. It is near the 61.8% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\n If there is a downside break and close below the $0.465 level, xrp price could start a major decline. In the stated case, the price is likely to drop towards the $0.42 support.<\/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 $0.465, $0.42 and $0.405.<\/p>\n Major Resistance Levels \u2013 $0.485, $0.505 and $0.550.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might drop further similar to bitcoin.<\/p>\n Ripple faced a strong selling interest near the $0.55 zone against the US dollar. Ripple\u2019s XRP Price Starts Decline<\/p>\n This past week, ripple\u2019s XRP started a steady increase from the $0.4500 support zone. There was a clear move above the $0.480 and $0.505 resistance levels.<\/p>\n The price climbed above the $0.520 resistance, outperforming bitcoin<\/a> and ethereum<\/a>\u2019s ether. However, the bulls failed once again to clear the key $0.550 resistance zone. A high was formed near $0.5486 and the price started a fresh decline.<\/p>\n XRP price declined below the $0.52 and $0.50 support levels. There was a move below the 50% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\n Besides, there was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair. The price is now trading below $0.500 and the 100 simple moving average (4-hours).\u2019<\/a><\/p>\n
\nThe price is now trading below $0.500 and the 100 simple moving average (4-hours).
\nThere was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could decline heavily if there is a clear move below the $0.4650 support.<\/p>\n
![<\/a><\/p>\nSource: XRPUSD on TradingView.com<\/a><\/p>\nOn the upside, the price is facing resistance near the $0.4825 level. The first major resistance is near the $0.500 zone. A successful break above the $0.50 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.520 level, above which the bulls are likely to aim a retest of the $0.55 barrier.<\/p>\nDownside Break in XRP?<\/p>\nIf ripple fails to start a fresh increase above the $0.50 level, it could continue to move down. An initial support on the downside is near the $0.465 level. It is near the 61.8% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\nIf there is a downside break and close below the $0.465 level, xrp price could start a major decline. In the stated case, the price is likely to drop towards the $0.42 support.<\/p>\nTechnical Indicators<\/p>\n4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\nMajor Support Levels \u2013 $0.465, $0.42 and $0.405.<\/p>\nMajor Resistance Levels \u2013 $0.485, $0.505 and $0.550.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nRipple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might drop further similar to bitcoin.<\/p>\nRipple faced a strong selling interest near the $0.55 zone against the US dollar.\nThe price is now trading below $0.500 and the 100 simple moving average (4-hours).\nThere was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).\nThe pair could decline heavily if there is a clear move below the $0.4650 support.<\/p>\nRipple\u2019s XRP Price Starts Decline<\/p>\nThis past week, ripple\u2019s XRP started a steady increase from the $0.4500 support zone. There was a clear move above the $0.480 and $0.505 resistance levels.<\/p>\nThe price climbed above the $0.520 resistance, outperforming bitcoin<\/a> and ethereum<\/a>\u2019s ether. However, the bulls failed once again to clear the key $0.550 resistance zone. A high was formed near $0.5486 and the price started a fresh decline.<\/p>\nXRP price declined below the $0.52 and $0.50 support levels. There was a move below the 50% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\nBesides, there was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP\/USD pair. The price is now trading below $0.500 and the 100 simple moving average (4-hours).\u2019<\/a><\/p>\nSource: XRPUSD on TradingView.com<\/a><\/p>\nOn the upside, the price is facing resistance near the $0.4825 level. The first major resistance is near the $0.500 zone. A successful break above the $0.50 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.520 level, above which the bulls are likely to aim a retest of the $0.55 barrier.<\/p>\nDownside Break in XRP?<\/p>\nIf ripple fails to start a fresh increase above the $0.50 level, it could continue to move down. An initial support on the downside is near the $0.465 level. It is near the 61.8% Fib retracement level of the upward move from the $0.4417 swing low to $0.5486 high.<\/p>\nIf there is a downside break and close below the $0.465 level, xrp price could start a major decline. In the stated case, the price is likely to drop towards the $0.42 support.<\/p>\nTechnical Indicators<\/p>\n4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\nMajor Support Levels \u2013 $0.465, $0.42 and $0.405.<\/p>\nMajor Resistance Levels \u2013 $0.485, $0.505 and $0.550.<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-9681","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\/9681","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=9681"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9681\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9681"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Ripple-XRP.png\"){kind=link}