{"id":548318,"date":"2023-08-22T04:50:08","date_gmt":"2023-08-22T04:50:08","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=548318"},"modified":"2024-06-11T08:00:29","modified_gmt":"2024-06-11T08:00:29","slug":"xrp-price-bearish-factors-0-58","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ripple\/xrp-price-bearish-factors-0-58\/","title":{"rendered":"XRP Price Shows Confluence Of Bearish Factors and Could Decline Again"},"content":{"rendered":"
Ripple\u2019s token price is showing bearish signs below $0.580 against the US Dollar. XRP price could start another decline if it trades below $0.480.<\/em><\/p>\n
\n
Ripple\u2019s token price is struggling to recover above $0.550 and $0.580 against the US dollar.<\/li>\n
The price is now trading below $0.56 and the 100 simple moving average (4 hours).<\/li>\n
There is a major bearish trend line forming with resistance near $0.580 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might start another decline if there is a break below $0.480.<\/li>\n<\/ul>\n
After a major decline to $0.40, Ripple\u2019s XRP started an upside correction against the US Dollar. The price recovered a few points above the $0.45 and $0.48 resistance levels, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n