{"id":609954,"date":"2024-05-27T02:28:06","date_gmt":"2024-05-27T02:28:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609954"},"modified":"2024-06-11T09:08:05","modified_gmt":"2024-06-11T09:08:05","slug":"xrp-price-dips-0-530","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-dips-0-530\/","title":{"rendered":"XRP Price Dips: Another Setback or a Buying Opportunity?"},"content":{"rendered":"<p><em>XRP price again struggled to continue higher above the $0.5450 resistance. It is now moving lower and might test the $0.512 support zone.<\/em><\/p>\n<ul>\n<li>XRP is showing a few bearish signs from the $0.5420 zone.<\/li>\n<li>The price is now trading below $0.5350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bearish momentum if it stays below the $0.5420 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Faces Rejection<\/h2>\n<p>After a close above the $0.5320 level, XRP price extended its increase like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-steam-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-dips-3720\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. However, the bears were active near the $0.5420 resistance zone.<\/p>\n<p>A high was formed at $0.5422 and the price started a downside correction. There was a move below the $0.5320 support zone and the 23.6% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high.<\/p>\n<p>Besides, there was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP\/USD pair. The pair is now trading below $0.5350 and the 100-hourly Simple Moving Average.<\/p>\n<figure id=\"attachment_609955\" aria-describedby=\"caption-attachment-609955\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-609955\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/XRP_Price_def645.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609955\" 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>Immediate resistance is near the $0.5320 level. The first key resistance is near $0.5420. A close above the $0.5420 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 $0.5550 resistance. Any more gains might send the price toward the $0.5740 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.5420 resistance zone, it could start another decline within the range. Initial support on the downside is near the $0.5225 level and the 50% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high.<\/p>\n<p>The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5025 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 $0.5225 and $0.5120.<\/p>\n<p>Major Resistance Levels \u2013 $0.5320 and $0.5420.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price again struggled to continue higher above the $0.5450 resistance. It is now moving lower and might test the $0.512 support zone. XRP is showing a few bearish signs from the $0.5420 zone. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bearish momentum if it stays below the $0.5420 resistance zone. XRP Price Faces Rejection After a close above the $0.5320 level, XRP price extended its increase like Bitcoin and Ethereum. However, the bears were active near the $0.5420 resistance zone. A high was formed at $0.5422 and the price started a downside correction. There was a move below the $0.5320 support zone and the 23.6% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. Besides, there was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP\/USD pair. The pair is now trading below $0.5350 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5320 level. The first key resistance is near $0.5420. A close above the $0.5420 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 $0.5550 resistance. Any more gains might send the price toward the $0.5740 resistance. More Losses? If XRP fails to clear the $0.5420 resistance zone, it could start another decline within the range. Initial support on the downside is near the $0.5225 level and the 50% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5025 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 $0.5225 and $0.5120. Major Resistance Levels \u2013 $0.5320 and $0.5420.<\/p>\n","protected":false},"author":67,"featured_media":609956,"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-609954","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 Dips: Another Setback or a Buying Opportunity?<\/title>\n<meta name=\"description\" content=\"XRP price again struggled to continue higher above the $0.5450 resistance. 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