{"id":530602,"date":"2023-05-09T03:54:05","date_gmt":"2023-05-09T03:54:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=530602"},"modified":"2024-06-11T08:01:43","modified_gmt":"2024-06-11T08:01:43","slug":"xrp-price-prediction-ripple-0-38","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-prediction-ripple-0-38\/","title":{"rendered":"XRP Price Prediction: Ripple Plunges to $0.42: Can Bulls Save the Day?"},"content":{"rendered":"<p><em>Ripple is gaining bearish momentum below $0.45 against the US Dollar. XRP price is at risk of more losses if it breaks the $0.40 support.<\/em><\/p>\n<ul>\n<li>Ripple started a fresh decline from the $0.470 zone against the US dollar.<\/li>\n<li>The price is now trading below $0.450 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a connecting bearish trend line forming with resistance near $0.450 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might decline further if it stays below the $0.445 and $0.450 resistance levels.<\/li>\n<\/ul>\n<h2>Ripple Price Breaks Support<\/h2>\n<p>This past week, Ripple\u2019s XRP attempted a fresh increase above the $0.465 level against the US Dollar. However, the bears remained active near the $0.47 level. A high was formed near $0.4704 and the price declined, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bears-gains-strength-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-takes-drop-to-1650\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a clear move below the $0.450 and $0.445 support levels. A low is formed near $0.4100 and the price is now consolidating losses. It is trading below $0.450 and the 100 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $0.450 on the 4-hour chart of the XRP\/USD pair.<\/p>\n<p>Initial resistance is near the $0.440 zone. It is close to the 50% Fib retracement level of the recent decline from the $0.4704 swing high to the $0.4100 low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-530603\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?resize=1834%2C845\" alt=\"XRP Price Prediction\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/XRP_Price-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/p>\n<p>The first major resistance is near the $0.450 level and the trend line. The 61.8% Fib retracement level of the recent decline from the $0.4704 swing high to the $0.4100 low is also near the trend line. A successful break above the $0.445 and $0.450 resistance levels might send the price toward the $0.470 resistance. Any more gains might call for a test of the $0.535 resistance.<\/p>\n<h2>More Losses in XRP?<\/h2>\n<p>If ripple fails to clear the $0.450 resistance zone, it could continue to move down. Initial support on the downside is near the $0.410 zone.<\/p>\n<p>The next major support is near $0.40. If there is a downside break and a close below the $0.40 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.380 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.410, $0.400, and $0.380.<\/p>\n<p>Major Resistance Levels \u2013 $0.445, $0.450, and $0.470.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple is gaining bearish momentum below $0.45 against the US Dollar. XRP price is at risk of more losses if it breaks the $0.40 support. Ripple started a fresh decline from the $0.470 zone against the US dollar. The price is now trading below $0.450 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.450 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might decline further if it stays below the $0.445 and $0.450 resistance levels. Ripple Price Breaks Support This past week, Ripple\u2019s XRP attempted a fresh increase above the $0.465 level against the US Dollar. However, the bears remained active near the $0.47 level. A high was formed near $0.4704 and the price declined, similar to Bitcoin and Ethereum. There was a clear move below the $0.450 and $0.445 support levels. A low is formed near $0.4100 and the price is now consolidating losses. It is trading below $0.450 and the 100 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $0.450 on the 4-hour chart of the XRP\/USD pair. Initial resistance is near the $0.440 zone. It is close to the 50% Fib retracement level of the recent decline from the $0.4704 swing high to the $0.4100 low. Source: XRPUSD on TradingView.com The first major resistance is near the $0.450 level and the trend line. The 61.8% Fib retracement level of the recent decline from the $0.4704 swing high to the $0.4100 low is also near the trend line. A successful break above the $0.445 and $0.450 resistance levels might send the price toward the $0.470 resistance. Any more gains might call for a test of the $0.535 resistance. More Losses in XRP? If ripple fails to clear the $0.450 resistance zone, it could continue to move down. Initial support on the downside is near the $0.410 zone. The next major support is near $0.40. If there is a downside break and a close below the $0.40 level, XRP\u2019s price could extend losses. In the stated case, the price could test the $0.380 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.410, $0.400, and $0.380. Major Resistance Levels \u2013 $0.445, $0.450, and $0.470.<\/p>\n","protected":false},"author":67,"featured_media":439256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,74937,10972,83345,78763],"class_list":["post-530602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdc","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Prediction: Ripple Plunges to $0.42: Can Bulls Save the Day?<\/title>\n<meta name=\"description\" content=\"Ripple is gaining bearish momentum below $0.45 against the US Dollar. 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