{"id":649585,"date":"2024-10-24T04:08:37","date_gmt":"2024-10-24T04:08:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=649585"},"modified":"2024-10-24T03:45:38","modified_gmt":"2024-10-24T03:45:38","slug":"xrp-price-recover-0-5320","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-recover-0-5320\/","title":{"rendered":"XRP Price Aims to Recover: Can It Reverse the Downtrend?"},"content":{"rendered":"<p><em>XRP price extended losses and tested the $0.5120 zone. The price is now rising and might attempt to clear the $0.5320 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP price is correcting losses from the $0.5120 zone.<\/li>\n<li>The price is now trading below $0.5400 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.5280 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 $0.5350 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Starts Fresh Increase<\/h2>\n<p>XRP price failed to start a fresh increase and extended losses below $0.5320, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-uptrend-67500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-hurdles-2550\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move below the $0.530 and $0.5250 levels.<\/p>\n<p>The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low.<\/p>\n<p>There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $0.5350 level or the 50% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. The first major resistance is near the $0.5400 level.<\/p>\n<figure id=\"attachment_649586\" aria-describedby=\"caption-attachment-649586\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649586 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/XRP_Price_386217.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-649586\" 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>The next key resistance could be $0.5420. A clear move above the $0.5420 resistance might send the price toward the $0.5485 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5650 in the near term. The next major hurdle might be $0.5800.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5200 level.<\/p>\n<p>If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5050 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.5230 and $0.5200.<\/p>\n<p>Major Resistance Levels \u2013 $0.5350 and $0.5420.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price extended losses and tested the $0.5120 zone. The price is now rising and might attempt to clear the $0.5320 resistance zone. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5350 resistance zone. XRP Price Starts Fresh Increase XRP price failed to start a fresh increase and extended losses below $0.5320, like Bitcoin and Ethereum. There was a move below the $0.530 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level or the 50% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. The first major resistance is near the $0.5400 level. The next key resistance could be $0.5420. A clear move above the $0.5420 resistance might send the price toward the $0.5485 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5650 in the near term. The next major hurdle might be $0.5800. Another Decline? If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5200 level. If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5050 zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $0.5230 and $0.5200. Major Resistance Levels \u2013 $0.5350 and $0.5420.<\/p>\n","protected":false},"author":67,"featured_media":639129,"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-649585","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 Aims to Recover: Can It Reverse the Downtrend?<\/title>\n<meta name=\"description\" content=\"XRP price extended losses and tested the $0.5120 zone. 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