{"id":641074,"date":"2024-09-11T04:08:22","date_gmt":"2024-09-11T04:08:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641074"},"modified":"2024-09-11T03:31:29","modified_gmt":"2024-09-11T03:31:29","slug":"xrp-price-slips-0-5320","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-slips-0-5320\/","title":{"rendered":"XRP Price Slips But Will The 100-SMA Ignite A Comeback?"},"content":{"rendered":"<p><em>XRP price extended gains and tested the $0.5420 level. The price is now correcting gains and testing the $0.5320 support zone.<\/em><\/p>\n<ul>\n<li>XRP price could gain pace for a move above the $0.5420 resistance zone.<\/li>\n<li>The price is now trading above $0.5320 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $0.5420 and $0.5450 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Upside Break<\/h2>\n<p>XRP price started a recovery wave above the $0.5220 level like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-battles-58k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-momentum-2400\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price was able to climb above the $0.5250 and $0.5320 resistance levels.<\/p>\n<p>Finally, the price spiked toward the $0.5420 level before the bears emerged. The price formed a top near $0.5426 and is now correcting gains. There was a move below the $0.540 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high.<\/p>\n<p>There was also a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $0.5400 level. The first major resistance is near the $0.5420 level. The next key resistance could be $0.5450.<\/p>\n<figure id=\"attachment_641075\" aria-describedby=\"caption-attachment-641075\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-641075 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP_Price_c8c865.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-641075\" 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 clear move above the $0.5450 resistance might send the price toward the $0.5550 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5950 resistance or even $0.600 in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.540 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the 100 hourly SMA. The next major support is $0.5225 or the 50% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high.<\/p>\n<p>If there is a downside break and a close below the $0.5225 level, the price might continue to decline toward the $0.5110 support in the near term. The next major support sits at $0.5020.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish 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 $0.5320 and $0.5225.<\/p>\n<p>Major Resistance Levels \u2013 $0.5400 and $0.5420.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price extended gains and tested the $0.5420 level. The price is now correcting gains and testing the $0.5320 support zone. XRP price could gain pace for a move above the $0.5420 resistance zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5420 and $0.5450 resistance levels. XRP Price Eyes Upside Break XRP price started a recovery wave above the $0.5220 level like Bitcoin and Ethereum. The price was able to climb above the $0.5250 and $0.5320 resistance levels. Finally, the price spiked toward the $0.5420 level before the bears emerged. The price formed a top near $0.5426 and is now correcting gains. There was a move below the $0.540 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high. There was also a break below a connecting bullish trend line with support at $0.540 on the hourly chart of the XRP\/USD pair. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5400 level. The first major resistance is near the $0.5420 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5550 resistance. The next major resistance is near the $0.5720 level. Any more gains might send the price toward the $0.5950 resistance or even $0.600 in the near term. Another Decline? If XRP fails to clear the $0.540 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the 100 hourly SMA. The next major support is $0.5225 or the 50% Fib retracement level of the upward move from the $0.5021 swing low to the $0.5426 high. If there is a downside break and a close below the $0.5225 level, the price might continue to decline toward the $0.5110 support in the near term. The next major support sits at $0.5020. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5320 and $0.5225. Major Resistance Levels \u2013 $0.5400 and $0.5420.<\/p>\n","protected":false},"author":67,"featured_media":641076,"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":[3680,74937,10972,78763],"class_list":["post-641074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Slips But Will The 100-SMA Ignite A Comeback?<\/title>\n<meta name=\"description\" content=\"XRP price extended gains and tested the $0.5420 level. 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