{"id":659413,"date":"2024-12-09T14:30:49","date_gmt":"2024-12-09T14:30:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=659413"},"modified":"2024-12-09T10:22:38","modified_gmt":"2024-12-09T10:22:38","slug":"xrp-slides-after-failing-to-reclaim-2-9","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-slides-after-failing-to-reclaim-2-9\/","title":{"rendered":"XRP Slides After Failing To Reclaim $2.9, What\u2019s Next For Bulls?"},"content":{"rendered":"

XRP’s<\/span>\u00a0upward momentum has taken a hit after the price failed to reclaim its previous high of $2.9, sparking a fresh decline that has resulted in the price dropping toward previous support levels. The rejection has raised questions about the strength of the <\/span>bulls<\/span><\/a> and whether they can regain control to steer the price back to higher levels.<\/span><\/p>\n

Bearish Build-Up On The 4-Hour Timeframe<\/h2>\n

With bearish pressure mounting, the focus now shifts to key support zones and whether the bulls can hold firm against the downside movement, preventing XRP from experiencing a much deeper <\/span>correction<\/span><\/a>.<\/span><\/p>\n

Related Reading: XRP To Maintain Price Rally As Whales Reload Amidst Price Dip- Details<\/a><\/div>\n

On the 4-hour chart, XRP exhibits negative sentiment, attempting to drop below the 100-day Simple Moving Average (SMA) as it trends downward toward the $1.9 support level. Specifically, a continued descent to this support suggests that selling pressure is intensifying, and if the support fails to hold, the asset could experience more declines.<\/span><\/p>\n

\"XRP\"
XRP dropping below the 1-day SMA as it heads to $1.9 | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Also, an analysis of the 4-hour chart reveals that the Composite Trend Oscillator\u2019s trend line has fallen below the SMA line, signaling a <\/span>potential<\/span><\/a> shift in momentum as it edges closer to the zero line. This indicates a struggle to sustain upward movements and points to moderate bearish pressure, leading to a cautious market sentiment. If the signal line continues to drop, it may trigger heightened selling activity.<\/span><\/p>\n

Price Set Up For XRP On The 1-Day Timeframe<\/h2>\n

On the daily chart, the crypto giant displays significant downward movement, highlighted by a bearish candlestick after a failed recovery attempt to surge toward its previous high of $2.9. The inability to sustain an uptrend implies a lack of buyer confidence and a prevailing pessimistic sentiment in the market. As XRP aims at the $1.9 support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown.<\/span><\/p>\n

\n
\"XRP\"
XRP’s failed attempt to surpass $2.9 sparks bearish performance | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<\/div>\n

Finally, the 1-day Composite Trend Oscillator signals growing bearish <\/span>momentum<\/span><\/a>, with the indicator\u2019s signal line dropping below the SMA after lingering in the overbought zone. This development suggests a possible shift in<\/span> market<\/span><\/a> dynamics as the overbought conditions may give way to increased selling pressure. A crossover of the signal line below the SMA is often interpreted as a bearish signal, indicating that the upside momentum could be weakening.<\/span><\/p>\n

Related Reading: XRP Price Steadies Above Support: Preparing for the Next Move?<\/a><\/p>\n

Conclusively, as XRP faces renewed negative pressure, key <\/span>support<\/span> levels become crucial in determining its next move. Meanwhile, the first level to watch is $1.9, which could act as an initial buffer against further declines. A sustained break below this level might open the door for a deeper drop toward $1.7, a region of significant historical activity. If <\/span>bearish<\/span><\/a> momentum persists, the $1.3 mark could serve as the last line of defense before a broader selloff ensues.<\/span><\/p>\n

\"XRP\"
XRP trading at $2.3 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP’s\u00a0upward momentum has taken a hit after the price failed to reclaim its previous high of $2.9, sparking a fresh decline that has resulted in the price dropping toward previous support levels. The rejection has raised questions about the strength of the bulls and whether they can regain control to steer the price back to higher levels. Bearish Build-Up On The 4-Hour Timeframe With bearish pressure mounting, the focus now shifts to key support zones and whether the bulls can hold firm against the downside movement, preventing XRP from experiencing a much deeper correction. Related Reading: XRP To Maintain Price Rally As Whales Reload Amidst Price Dip- Details On the 4-hour chart, XRP exhibits negative sentiment, attempting to drop below the 100-day Simple Moving Average (SMA) as it trends downward toward the $1.9 support level. Specifically, a continued descent to this support suggests that selling pressure is intensifying, and if the support fails to hold, the asset could experience more declines. Also, an analysis of the 4-hour chart reveals that the Composite Trend Oscillator\u2019s trend line has fallen below the SMA line, signaling a potential shift in momentum as it edges closer to the zero line. This indicates a struggle to sustain upward movements and points to moderate bearish pressure, leading to a cautious market sentiment. If the signal line continues to drop, it may trigger heightened selling activity. Price Set Up For XRP On The 1-Day Timeframe On the daily chart, the crypto giant displays significant downward movement, highlighted by a bearish candlestick after a failed recovery attempt to surge toward its previous high of $2.9. The inability to sustain an uptrend implies a lack of buyer confidence and a prevailing pessimistic sentiment in the market. As XRP aims at the $1.9 support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. Finally, the 1-day Composite Trend Oscillator signals growing bearish momentum, with the indicator\u2019s signal line dropping below the SMA after lingering in the overbought zone. This development suggests a possible shift in market dynamics as the overbought conditions may give way to increased selling pressure. A crossover of the signal line below the SMA is often interpreted as a bearish signal, indicating that the upside momentum could be weakening. Related Reading: XRP Price Steadies Above Support: Preparing for the Next Move? Conclusively, as XRP faces renewed negative pressure, key support levels become crucial in determining its next move. Meanwhile, the first level to watch is $1.9, which could act as an initial buffer against further declines. A sustained break below this level might open the door for a deeper drop toward $1.7, a region of significant historical activity. If bearish momentum persists, the $1.3 mark could serve as the last line of defense before a broader selloff ensues. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":659416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[92933,91599,85676,4531,10972,78763],"class_list":["post-659413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-composite-trend-oscilator","tag-simple-moving-average","tag-sma","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Slides After Failing To Reclaim $2.9, What\u2019s Next For Bulls?<\/title>\n<meta name=\"description\" content=\"XRP upward momentum has taken a hit after the price failed to reclaim its previous high of $2.9, sparking a fresh decline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Slides After Failing To Reclaim $2.9, What\u2019s Next For Bulls?","url":"http:\/\/ktsl888.com\/analysis\/xrp\/xrp-slides-after-failing-to-reclaim-2-9\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/analysis\/xrp\/xrp-slides-after-failing-to-reclaim-2-9\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-from-Adobe-Stock-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-from-Adobe-Stock-1.jpg?fit=541%2C360"},"articleSection":"XRP","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["composite trend oscilator","simple moving average","sma","xrp","xrpusd","xrpusdt"],"dateCreated":"2024-12-09T14:30:49Z","datePublished":"2024-12-09T14:30:49Z","dateModified":"2024-12-09T14:30:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Slides After Failing To Reclaim $2.9, What\\u2019s Next For Bulls?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/xrp\\\/xrp-slides-after-failing-to-reclaim-2-9\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/xrp\\\/xrp-slides-after-failing-to-reclaim-2-9\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/XRP-from-Adobe-Stock-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/XRP-from-Adobe-Stock-1.jpg?fit=541%2C360\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"composite trend oscilator\",\"simple moving average\",\"sma\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-12-09T14:30:49Z\",\"datePublished\":\"2024-12-09T14:30:49Z\",\"dateModified\":\"2024-12-09T14:30:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-from-Adobe-Stock-1.jpg?fit=541%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/659413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=659413"}],"version-history":[{"count":3,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/659413\/revisions"}],"predecessor-version":[{"id":659440,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/659413\/revisions\/659440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/659416"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=659413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=659413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=659413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}