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{"id":611856,"date":"2024-06-07T03:58:29","date_gmt":"2024-06-07T03:58:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=611856"},"modified":"2024-06-11T07:42:55","modified_gmt":"2024-06-11T07:42:55","slug":"xrp-price-dips-0-5120","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-dips-0-5120\/","title":{"rendered":"XRP Price Dips To Support, Can It Bounce Back And Restart Increase?"},"content":{"rendered":"

XRP price started a fresh decline from the $0.5320 resistance zone. It is now testing the $0.5180 support and might even test the $0.5120 support zone.<\/em><\/p>\n

\n
XRP failed near $0.5320 and started a downside correction.<\/li>\n
The price is now trading below $0.5250 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could dip further if it stays below the $0.5250 resistance zone.<\/li>\n<\/ul>\n
XRP Price Dips Again<\/h2>\n
XRP price extended its increase above the $0.5265 level like Bitcoin<\/a> and Ethereum<\/a>. The price even spiked above the $0.5300 level before the bears appeared.<\/p>\n
A high was formed at $0.5325 and the price started a downside correction. There was a move below the $0.5250 level. It traded below the 50% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high.<\/p>\n
The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. However, the bulls are active near the 61.8% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high.<\/p>\n
On the upside, the price is facing resistance near the $0.5250 level. There is also a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP\/USD pair. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5520 resistance. Any more gains might send the price toward the $0.5650 resistance.<\/p>\n
More Losses?<\/h2>\n
If XRP fails to clear the $0.5250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5165 level.<\/p>\n
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 accelerate lower. In the stated case, the price could decline and retest the $0.5020 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5165 and $0.5120.<\/p>\n
Major Resistance Levels \u2013 $0.5250 and $0.5320.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price started a fresh decline from the $0.5320 resistance zone. It is now testing the $0.5180 support and might even test the $0.5120 support zone. XRP failed near $0.5320 and started a downside correction. The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could dip further if it stays below the $0.5250 resistance zone. XRP Price Dips Again XRP price extended its increase above the $0.5265 level like Bitcoin and Ethereum. The price even spiked above the $0.5300 level before the bears appeared. A high was formed at $0.5325 and the price started a downside correction. There was a move below the $0.5250 level. It traded below the 50% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high. The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. However, the bulls are active near the 61.8% Fib retracement level of the upward wave from the $0.5080 swing low to the $0.5325 high. On the upside, the price is facing resistance near the $0.5250 level. There is also a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP\/USD pair. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450. If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5520 resistance. Any more gains might send the price toward the $0.5650 resistance. More Losses? If XRP fails to clear the $0.5250 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5165 level. 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 accelerate lower. In the stated case, the price could decline and retest the $0.5020 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 $0.5165 and $0.5120. Major Resistance Levels \u2013 $0.5250 and $0.5320.<\/p>\n","protected":false},"author":67,"featured_media":611858,"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-611856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Dips To Support, Can It Bounce Back And Restart Increase?<\/title>\n<meta name=\"description\" content=\"XRP price started a fresh decline from the $0.5320 resistance zone. 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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 Dips To Support, Can It Bounce Back And Restart Increase?","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-dips-0-5120\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-dips-0-5120\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP-Dip.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP-Dip.jpg?fit=1792%2C1024"},"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","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-06-07T03:58:29Z","datePublished":"2024-06-07T03:58:29Z","dateModified":"2024-06-11T07:42:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Dips To Support, Can It Bounce Back And Restart Increase?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-dips-0-5120\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-dips-0-5120\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-Dip.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-Dip.jpg?fit=1792%2C1024\"},\"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\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-06-07T03:58:29Z\",\"datePublished\":\"2024-06-07T03:58:29Z\",\"dateModified\":\"2024-06-11T07:42:55Z\"}<\/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\/06\/XRP-Dip.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/611856","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=611856"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/611856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/611858"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=611856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=611856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=611856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}