{"id":609389,"date":"2024-05-23T02:28:35","date_gmt":"2024-05-23T02:28:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609389"},"modified":"2024-06-11T10:21:29","modified_gmt":"2024-06-11T10:21:29","slug":"xrp-price-red-again-0-525","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-red-again-0-525\/","title":{"rendered":"XRP Price Turns Red Again: What\u2019s Next for the Crypto?"},"content":{"rendered":"<p><em>XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA.<\/em><\/p>\n<ul>\n<li>XRP struggled near the $0.5570 zone and trimmed gains.<\/li>\n<li>The price is now trading below $0.5350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair must stay above the 100-hourly SMA to avoid a sharp decline.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>After a steady increase, XRP price faced resistance near $0.5570. The price formed a short-term top and started a fresh decline from $0.5571, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-support-68800\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and Ethereum.<\/p>\n<p>There was a move below the $0.5420 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. The price even spiked below the $0.5250 support and the <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-hold-100-sma-0-520\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>.<\/p>\n<p>However, the bulls are protecting the 61.8% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. It is now trading above $0.5250 and the 100-hourly Simple Moving Average.<\/p>\n<p>Immediate resistance is near the $0.5310 level. There is also a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP\/USD pair. The first key resistance is near $0.5350. A close above the $0.5350 resistance zone could send the price higher.<\/p>\n<figure id=\"attachment_609390\" aria-describedby=\"caption-attachment-609390\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609390 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_15106a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609390\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5570 resistance. Any more gains might send the price toward the $0.5650 resistance.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $0.5350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5250 level and the 100 hourly SMA.<\/p>\n<p>The next major support is at $0.5185. If there is a downside break and a close below the $0.5185 level, the price might gain bearish momentum. In the stated case, the price could decline and test the $0.5065 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5250 and $0.5185.<\/p>\n<p>Major Resistance Levels \u2013 $0.5350 and $0.5450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA. XRP struggled near the $0.5570 zone and trimmed gains. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair must stay above the 100-hourly SMA to avoid a sharp decline. XRP Price Dips Again After a steady increase, XRP price faced resistance near $0.5570. The price formed a short-term top and started a fresh decline from $0.5571, like Bitcoin and Ethereum. There was a move below the $0.5420 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. The price even spiked below the $0.5250 support and the 100-hourly Simple Moving Average. However, the bulls are protecting the 61.8% Fib retracement level of the upward move from the $0.5065 swing low to the $0.5571 high. It is now trading above $0.5250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5310 level. There is also a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP\/USD pair. The first key resistance is near $0.5350. A close above the $0.5350 resistance zone could send the price higher. The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5570 resistance. Any more gains might send the price toward the $0.5650 resistance. More Downsides? If XRP fails to clear the $0.5350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5250 level and the 100 hourly SMA. The next major support is at $0.5185. If there is a downside break and a close below the $0.5185 level, the price might gain bearish momentum. In the stated case, the price could decline and test the $0.5065 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5250 and $0.5185. Major Resistance Levels \u2013 $0.5350 and $0.5450.<\/p>\n","protected":false},"author":67,"featured_media":609391,"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-609389","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 Turns Red Again: What\u2019s Next for the Crypto?<\/title>\n<meta name=\"description\" content=\"XRP price started a fresh decline after it failed near $0.5570. 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