{"id":603634,"date":"2024-04-17T04:48:30","date_gmt":"2024-04-17T04:48:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603634"},"modified":"2024-06-11T11:35:08","modified_gmt":"2024-06-11T11:35:08","slug":"xrp-price-recovery-fade-0-5440","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-recovery-fade-0-5440\/","title":{"rendered":"XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch"},"content":{"rendered":"<p><em>XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>XRP is attempting a recovery wave above the $0.450 zone.<\/li>\n<li>The price is now trading below $0.550 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bearish momentum if there is a close below the $0.4550 support.<\/li>\n<\/ul>\n<h2>XRP Price Turns Red<\/h2>\n<p>After a steady increase, XRP price struggled to clear the <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-bullish-streak-0-60\/\" target=\"_blank\" rel=\"noopener \">$0.6420 resistance<\/a>. It started a fresh decline below the $0.600 support, like Bitcoin and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-stuck-3k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a sharp move below the $0.500 support.<\/p>\n<p>Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low.<\/p>\n<p>The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low.<\/p>\n<p>The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP\/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-603635\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/XRP_Price_6f9605.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>If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level.<\/p>\n<p>The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.480, $0.4550, and $0.420.<\/p>\n<p>Major Resistance Levels \u2013 $0.5140, $0.5440, and $0.600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP\/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.480, $0.4550, and $0.420. Major Resistance Levels \u2013 $0.5140, $0.5440, and $0.600.<\/p>\n","protected":false},"author":67,"featured_media":423435,"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":[3680,74937,10972,78763],"class_list":["post-603634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch<\/title>\n<meta name=\"description\" content=\"XRP price is struggling to recover above the $0.5140 resistance. 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