{"id":624137,"date":"2024-06-12T04:08:08","date_gmt":"2024-06-12T04:08:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624137"},"modified":"2024-06-12T09:31:27","modified_gmt":"2024-06-12T09:31:27","slug":"xrp-price-recovery-0-470","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-price-recovery-0-470\/","title":{"rendered":"XRP Price Temporary Bounce: Recovery Might Not Last"},"content":{"rendered":"<p><em>XRP price extended losses and traded below the $0.50 zone. The price tested the $0.4700 zone and is currently attempting a short-term recovery wave.<\/em><\/p>\n<ul>\n<li>XRP is slowly moving higher from the $0.470 support.<\/li>\n<li>The price is now trading below $0.4850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.480 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could recover, but the bears might be active near the $0.4880 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Finds Support<\/h2>\n<p>XRP price failed to recover above the $0.4880 resistance like <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-slips-3430\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-in-decline-66k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. The price extended losses below the $0.480 level. It even tested the $0.470 zone. A low was formed at $0.4701 and the price is now eyeing a short-term recovery wave.<\/p>\n<p>There was a move above the $0.4750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.5053 swing high to the $0.4701 low.<\/p>\n<p>Besides, there was a break above a connecting bearish trend line with resistance at $0.480 on the hourly chart of the XRP\/USD pair. However, it is still trading below $0.4850 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price is facing resistance near the $0.4850 level. The first key resistance is near $0.4880 or the 50% Fib retracement level of the downward move from the $0.5053 swing high to the $0.4701 low. The next major resistance is near the $0.4920 level.<\/p>\n<figure id=\"attachment_624138\" aria-describedby=\"caption-attachment-624138\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-624138 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?resize=1024%2C461\" alt=\"XRP Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP_Price_3de63f.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-624138\" 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>A close above the $0.4920 resistance zone could send the price higher. The next key resistance is near $0.50. If there is a close above the $0.50 resistance level, there could be a steady increase toward the $0.5050 resistance. Any more gains might send the price toward the $0.5250 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.4850 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4750 level.<\/p>\n<p>The next major support is at $0.470. If there is a downside break and a close below the $0.470 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.4550 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.4750 and $0.4700.<\/p>\n<p>Major Resistance Levels \u2013 $0.4850 and $0.4920.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price extended losses and traded below the $0.50 zone. The price tested the $0.4700 zone and is currently attempting a short-term recovery wave. XRP is slowly moving higher from the $0.470 support. The price is now trading below $0.4850 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.480 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could recover, but the bears might be active near the $0.4880 resistance. XRP Price Finds Support XRP price failed to recover above the $0.4880 resistance like Ethereum and Bitcoin. The price extended losses below the $0.480 level. It even tested the $0.470 zone. A low was formed at $0.4701 and the price is now eyeing a short-term recovery wave. There was a move above the $0.4750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.5053 swing high to the $0.4701 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.480 on the hourly chart of the XRP\/USD pair. However, it is still trading below $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4850 level. The first key resistance is near $0.4880 or the 50% Fib retracement level of the downward move from the $0.5053 swing high to the $0.4701 low. The next major resistance is near the $0.4920 level. A close above the $0.4920 resistance zone could send the price higher. The next key resistance is near $0.50. If there is a close above the $0.50 resistance level, there could be a steady increase toward the $0.5050 resistance. Any more gains might send the price toward the $0.5250 resistance. More Losses? If XRP fails to clear the $0.4850 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4750 level. The next major support is at $0.470. If there is a downside break and a close below the $0.470 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.4550 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.4750 and $0.4700. Major Resistance Levels \u2013 $0.4850 and $0.4920.<\/p>\n","protected":false},"author":67,"featured_media":624139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,83363],"tags":[3680,74937,10972,78763],"class_list":["post-624137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Temporary Bounce: Recovery Might Not Last<\/title>\n<meta name=\"description\" content=\"XRP price extended losses and traded below the $0.50 zone. 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