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{"id":547271,"date":"2023-08-15T05:18:28","date_gmt":"2023-08-15T05:18:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=547271"},"modified":"2024-06-11T08:02:22","modified_gmt":"2024-06-11T08:02:22","slug":"xrp-price-turning-point-0-62","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-turning-point-0-62\/","title":{"rendered":"XRP Price at Potentially Significant Turning Point, Key Support Nearby"},"content":{"rendered":"

Ripple\u2019s token price is consolidating above $0.620 against the US Dollar. XRP price might start a decent increase if there is a clear move above $0.650.<\/em><\/p>\n

\n
Ripple\u2019s token price is moving lower from the $0.6650 resistance against the US dollar.<\/li>\n
The price is now trading below $0.65 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might continue to decline if there is no move above $0.63 and $0.65.<\/li>\n<\/ul>\n
Ripple\u2019s Token Price Dips Again<\/h2>\n
After a recovery wave, Ripple\u2019s XRP struggled to clear the $0.6650 resistance against the US Dollar. A high was formed near $0.6654 before the price started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a move below the $0.650 pivot level. The price declined below the 50% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high. The price even declined below the $0.635 support zone.<\/p>\n
XRP is now trading below $0.65 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
Initial resistance on the upside is near the $0.628 zone and the trend line. The next major resistance is near the $0.650 level and the 100 simple moving average (4 hours). The main resistance is now forming near the $0.6650 zone.<\/p>\n
$\"XRP$ <\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
A successful break above the $0.6650 resistance level might send the price toward the $0.70 resistance. Any more gains might call for a test of the $0.720 resistance.<\/p>\n
More Losses in XRP?<\/h2>\n
If ripple fails to clear the $0.650 resistance zone, it could start another decline. Initial support on the downside is near the $0.620 zone and the 61.8% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high.<\/p>\n
The next major support is near $0.60. If there is a downside break and a close below the $0.60 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.585 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.62, $0.60, and $0.585.<\/p>\n
Major Resistance Levels \u2013 $0.628, $0.650, and $0.665.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple\u2019s token price is consolidating above $0.620 against the US Dollar. XRP price might start a decent increase if there is a clear move above $0.650. Ripple\u2019s token price is moving lower from the $0.6650 resistance against the US dollar. The price is now trading below $0.65 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might continue to decline if there is no move above $0.63 and $0.65. Ripple\u2019s Token Price Dips Again After a recovery wave, Ripple\u2019s XRP struggled to clear the $0.6650 resistance against the US Dollar. A high was formed near $0.6654 before the price started a fresh decline, similar to Bitcoin and Ethereum. There was a move below the $0.650 pivot level. The price declined below the 50% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high. The price even declined below the $0.635 support zone. XRP is now trading below $0.65 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP\/USD pair. Initial resistance on the upside is near the $0.628 zone and the trend line. The next major resistance is near the $0.650 level and the 100 simple moving average (4 hours). The main resistance is now forming near the $0.6650 zone. Source: XRPUSD on TradingView.com A successful break above the $0.6650 resistance level might send the price toward the $0.70 resistance. Any more gains might call for a test of the $0.720 resistance. More Losses in XRP? If ripple fails to clear the $0.650 resistance zone, it could start another decline. Initial support on the downside is near the $0.620 zone and the 61.8% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high. The next major support is near $0.60. If there is a downside break and a close below the $0.60 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.585 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 $0.62, $0.60, and $0.585. Major Resistance Levels \u2013 $0.628, $0.650, and $0.665.<\/p>\n","protected":false},"author":67,"featured_media":457359,"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":[3680,4531,10972,78763],"class_list":["post-547271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price at Potentially Significant Turning Point, Key Support Nearby<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is consolidating above $0.620 against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price at Potentially Significant Turning Point, Key Support Nearby","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-turning-point-0-62\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-turning-point-0-62\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/02\/shutterstock_262478576-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/02\/shutterstock_262478576-1.jpg?fit=1000%2C800"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrpusd","xrpusdt"],"dateCreated":"2023-08-15T05:18:28Z","datePublished":"2023-08-15T05:18:28Z","dateModified":"2024-06-11T08:02:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price at Potentially Significant Turning Point, Key Support Nearby\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-turning-point-0-62\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-turning-point-0-62\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_262478576-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_262478576-1.jpg?fit=1000%2C800\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-08-15T05:18:28Z\",\"datePublished\":\"2023-08-15T05:18:28Z\",\"dateModified\":\"2024-06-11T08:02:22Z\"}<\/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\/2021\/02\/shutterstock_262478576-1.jpg?fit=1000%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/547271","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=547271"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/547271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/457359"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=547271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=547271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=547271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}