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{"id":549510,"date":"2023-08-31T05:17:53","date_gmt":"2023-08-31T05:17:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=549510"},"modified":"2024-06-11T08:01:12","modified_gmt":"2024-06-11T08:01:12","slug":"xrp-price-prediction-0-55","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-prediction-0-55\/","title":{"rendered":"XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle"},"content":{"rendered":"

Ripple\u2019s token price is showing bearish signs below $0.550 against the US Dollar. XRP price could start another decline if it trades below $0.500.<\/em><\/p>\n

\n
Ripple\u2019s token price is struggling to recover above $0.540 and $0.550 against the US dollar.<\/li>\n
The price is now trading below $0.550 and the 100 simple moving average (4 hours).<\/li>\n
There is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might start another decline if there is a break below $0.500.<\/li>\n<\/ul>\n
Ripple\u2019s Token Price Eyes Fresh Increase<\/h2>\n
After a sharp decline to $0.40, Ripple\u2019s XRP started a recovery wave against the US Dollar. The price recovered above the $0.48 and $0.50 resistance levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The price was able to surpass the $0.520 resistance as well. Finally, there was a spike above the 50% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. The bulls are now facing an uphill task near $0.550.<\/p>\n
XRP is still trading below $0.540 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair.<\/p>\n
$\"XRP$ <\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/p>\n
Initial resistance on the upside is near the $0.540 zone and the trend line. The next major resistance is near the $0.550 level or the 61.8% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. A successful break above the $0.550 resistance level might send the price toward the $0.60 resistance. Any more gains might call for a test of the $0.625 resistance.<\/p>\n
Another Drop in XRP?<\/h2>\n
If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.505 zone.<\/p>\n
The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.435 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.505, $0.500, and $0.435.<\/p>\n
Major Resistance Levels \u2013 $0.540, $0.550, and $0.600.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple\u2019s token price is showing bearish signs below $0.550 against the US Dollar. XRP price could start another decline if it trades below $0.500. Ripple\u2019s token price is struggling to recover above $0.540 and $0.550 against the US dollar. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might start another decline if there is a break below $0.500. Ripple\u2019s Token Price Eyes Fresh Increase After a sharp decline to $0.40, Ripple\u2019s XRP started a recovery wave against the US Dollar. The price recovered above the $0.48 and $0.50 resistance levels, like Bitcoin and Ethereum. The price was able to surpass the $0.520 resistance as well. Finally, there was a spike above the 50% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. The bulls are now facing an uphill task near $0.550. XRP is still trading below $0.540 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP\/USD pair. Source: XRPUSD on TradingView.com Initial resistance on the upside is near the $0.540 zone and the trend line. The next major resistance is near the $0.550 level or the 61.8% Fib retracement level of the key drop from the $0.6655 swing high to the $0.3995 low. A successful break above the $0.550 resistance level might send the price toward the $0.60 resistance. Any more gains might call for a test of the $0.625 resistance. Another Drop in XRP? If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.505 zone. The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.435 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.505, $0.500, and $0.435. Major Resistance Levels \u2013 $0.540, $0.550, and $0.600.<\/p>\n","protected":false},"author":67,"featured_media":436431,"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-549510","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 Prediction - Topside Bias Vulnerable Unless Bulls Clear This Hurdle<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is showing bearish signs below $0.550 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 Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-prediction-0-55\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-prediction-0-55\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/shutterstock_1545185612-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/shutterstock_1545185612-scaled.jpg?fit=2560%2C1581"},"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":"2023-08-31T05:17:53Z","datePublished":"2023-08-31T05:17:53Z","dateModified":"2024-06-11T08:01:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-prediction-0-55\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-prediction-0-55\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_1545185612-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_1545185612-scaled.jpg?fit=2560%2C1581\"},\"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\":\"2023-08-31T05:17:53Z\",\"datePublished\":\"2023-08-31T05:17:53Z\",\"dateModified\":\"2024-06-11T08:01:12Z\"}<\/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\/2020\/08\/shutterstock_1545185612-scaled.jpg?fit=2560%2C1581","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/549510"}],"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=549510"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/549510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/436431"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=549510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=549510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=549510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}