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{"id":642151,"date":"2024-09-16T04:28:39","date_gmt":"2024-09-16T04:28:39","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=642151"},"modified":"2024-09-16T03:37:09","modified_gmt":"2024-09-16T03:37:09","slug":"xrp-price-falls-0-5550","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/xrp\/xrp-price-falls-0-5550\/","title":{"rendered":"XRP Price Falls Below Support, Bearish Momentum Builds"},"content":{"rendered":"

XRP price started another decline from the $0.5980 zone. It is gaining bearish momentum and might drop below the $0.5500 support zone.<\/em><\/p>\n

\n
XRP price failed to clear the $0.60 resistance zone and trimmed gains.<\/li>\n
The price is now trading below $0.5720 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support at $0.5850 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could decline heavily if there is a close below the $0.550 pivot level.<\/li>\n<\/ul>\n
XRP Price Trims Gains<\/h2>\n
XRP price extended gains above the $0.550 level like Bitcoin<\/a> and Ethereum<\/a>. However, the bulls failed to clear the $0.600 resistance zone. The price formed a high at $0.5989 and the price is now correcting gains.<\/p>\n
There was a move below the $0.5750 level. Besides, there was a break below a key bullish trend line with support at $0.5850 on the hourly chart of the XRP\/USD pair. The pair tested the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5989 high.<\/p>\n
The price is now trading below $0.5680 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5720 level and the 100-hourly Simple Moving Average.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first major resistance is near the $0.580 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.5980 resistance. The next major resistance is near the $0.600 level. Any more gains might send the price toward the $0.6120 resistance or even $0.620 in the near term.<\/p>\n
More Downsides?<\/h2>\n
If XRP fails to clear the $0.5720 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5550 level. The next major support is $0.5420 or the 76.4% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5989 high.<\/p>\n
If there is a downside break and a close below the $0.5420 level, the price might continue to decline toward the $0.530 support in the near term. The next major support sits at $0.5250.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5550 and $0.5420.<\/p>\n
Major Resistance Levels \u2013 $0.5720 and $0.5850.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price started another decline from the $0.5980 zone. It is gaining bearish momentum and might drop below the $0.5500 support zone. XRP price failed to clear the $0.60 resistance zone and trimmed gains. The price is now trading below $0.5720 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.5850 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could decline heavily if there is a close below the $0.550 pivot level. XRP Price Trims Gains XRP price extended gains above the $0.550 level like Bitcoin and Ethereum. However, the bulls failed to clear the $0.600 resistance zone. The price formed a high at $0.5989 and the price is now correcting gains. There was a move below the $0.5750 level. Besides, there was a break below a key bullish trend line with support at $0.5850 on the hourly chart of the XRP\/USD pair. The pair tested the 50% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5989 high. The price is now trading below $0.5680 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5720 level and the 100-hourly Simple Moving Average. The first major resistance is near the $0.580 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.5980 resistance. The next major resistance is near the $0.600 level. Any more gains might send the price toward the $0.6120 resistance or even $0.620 in the near term. More Downsides? If XRP fails to clear the $0.5720 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5550 level. The next major support is $0.5420 or the 76.4% Fib retracement level of the upward move from the $0.5234 swing low to the $0.5989 high. If there is a downside break and a close below the $0.5420 level, the price might continue to decline toward the $0.530 support in the near term. The next major support sits at $0.5250. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $0.5550 and $0.5420. Major Resistance Levels \u2013 $0.5720 and $0.5850.<\/p>\n","protected":false},"author":67,"featured_media":642153,"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-642151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Falls Below Support, Bearish Momentum Builds<\/title>\n<meta name=\"description\" content=\"XRP price started another decline from the $0.5980 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:\/\/www.ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Falls Below Support, Bearish Momentum Builds","url":"http:\/\/www.ktsl888.com\/analysis\/xrp\/xrp-price-falls-0-5550\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/analysis\/xrp\/xrp-price-falls-0-5550\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP-Slips-Support.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP-Slips-Support.jpg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2024-09-16T04:28:39Z","datePublished":"2024-09-16T04:28:39Z","dateModified":"2024-09-16T04:28:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Falls Below Support, Bearish Momentum Builds\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/xrp\\\/xrp-price-falls-0-5550\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/xrp\\\/xrp-price-falls-0-5550\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-Slips-Support.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/XRP-Slips-Support.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-09-16T04:28:39Z\",\"datePublished\":\"2024-09-16T04:28:39Z\",\"dateModified\":\"2024-09-16T04:28:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/XRP-Slips-Support.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/642151"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=642151"}],"version-history":[{"count":1,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/642151\/revisions"}],"predecessor-version":[{"id":642154,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/642151\/revisions\/642154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/642153"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=642151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=642151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=642151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}