{"id":547825,"date":"2023-08-18T04:28:26","date_gmt":"2023-08-18T04:28:26","guid":{"rendered":"https:\/\/wncen.com\/?p=547825"},"modified":"2024-06-11T14:39:39","modified_gmt":"2024-06-11T14:39:39","slug":"xrp-price-crashes-over-20-pc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-crashes-over-20-pc\/","title":{"rendered":"XRP Price Crashes Over 20%, Why Breakdown Looks Real Deal"},"content":{"rendered":"<p><em>Ripple\u2019s token price is down over 20% against the US Dollar. XRP price is gaining bearish momentum and might revisit the $0.40 zone.<\/em><\/p>\n<ul>\n<li>Ripple\u2019s token price is moving lower from the $0.620 resistance against the US dollar.<\/li>\n<li>The price is now trading below $0.55 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance near $0.585 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to decline toward the $0.42 and $0.40 levels.<\/li>\n<\/ul>\n<h2>Ripple\u2019s Token Price Plunges To $0.40<\/h2>\n<p>After struggling to rise above the $0.65 resistance, Ripple\u2019s XRP started a fresh decline against the US Dollar. There was a strong decline below the $0.550 support zone, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-nosedives-25k-2\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-negative-1500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price is down over 20% and there was even a spike below $0.420. A low is formed near $0.3994 and the price is now attempting a recovery wave. There was a wave above the $0.45 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6365 swing high to the $0.3994 low.<\/p>\n<p>XRP is now trading below $0.55 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.585 on the 4-hour chart of the XRP\/USD pair.<\/p>\n<p>Initial resistance on the upside is near the $0.520 zone. It is close to the 50% Fib retracement level of the downward move from the $0.6365 swing high to the $0.3994 low. The next major resistance is near the $0.550 level. The main resistance is now forming near the $0.585 zone and the trend line.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-547826\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?resize=1024%2C468\" alt=\"XRP Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/XRP_Price-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/p>\n<p>A successful break above the $0.585 resistance level might send the price toward the $0.62 resistance or the 100 simple moving average (4 hours). Any more gains might call for a test of the $0.650 resistance.<\/p>\n<h2>Another Decline in XRP?<\/h2>\n<p>If ripple fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 zone.<\/p>\n<p>The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.400 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.48, $0.455, and $0.400.<\/p>\n<p>Major Resistance Levels \u2013 $0.520, $0.550, and $0.585.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s token price is down over 20% against the US Dollar. XRP price is gaining bearish momentum and might revisit the $0.40 zone. Ripple\u2019s token price is moving lower from the $0.620 resistance against the US dollar. The price is now trading below $0.55 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.585 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair might continue to decline toward the $0.42 and $0.40 levels. Ripple\u2019s Token Price Plunges To $0.40 After struggling to rise above the $0.65 resistance, Ripple\u2019s XRP started a fresh decline against the US Dollar. There was a strong decline below the $0.550 support zone, similar to Bitcoin and Ethereum. The price is down over 20% and there was even a spike below $0.420. A low is formed near $0.3994 and the price is now attempting a recovery wave. There was a wave above the $0.45 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6365 swing high to the $0.3994 low. XRP is now trading below $0.55 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.585 on the 4-hour chart of the XRP\/USD pair. Initial resistance on the upside is near the $0.520 zone. It is close to the 50% Fib retracement level of the downward move from the $0.6365 swing high to the $0.3994 low. The next major resistance is near the $0.550 level. The main resistance is now forming near the $0.585 zone and the trend line. Source: XRPUSD on TradingView.com A successful break above the $0.585 resistance level might send the price toward the $0.62 resistance or the 100 simple moving average (4 hours). Any more gains might call for a test of the $0.650 resistance. Another Decline 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 $0.480 zone. The next major support is near $0.455. If there is a downside break and a close below the $0.455 level, XRP\u2019s price could extend losses. In the stated case, the price could retest the $0.400 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.48, $0.455, and $0.400. Major Resistance Levels \u2013 $0.520, $0.550, and $0.585.<\/p>\n","protected":false},"author":67,"featured_media":452921,"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-547825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Crashes Over 20%, Why Breakdown Looks Real Deal<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s token price is down over 20% against the US Dollar. 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