{"id":571736,"date":"2024-01-26T04:58:22","date_gmt":"2024-01-26T04:58:22","guid":{"rendered":"https:\/\/wncen.com\/?p=571736"},"modified":"2024-06-11T14:45:01","modified_gmt":"2024-06-11T14:45:01","slug":"xrp-price-takes-hit-050","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/xrp-price-takes-hit-050\/","title":{"rendered":"XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?"},"content":{"rendered":"
XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support.<\/em><\/p>\n
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XRP is showing bearish signs below the $0.525 and $0.550 resistance levels.<\/li>\n
The price is now trading below $0.525 and the 100 simple moving average (4 hours).<\/li>\n
There is a connecting bearish trend line forming with resistance near $0.520 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair start a fresh increase if it clears the $0.520 and $0.525 resistance levels.<\/li>\n<\/ul>\n
XRP Price Revisits Key Support<\/h2>\n
In the past few days, XRP price saw a fresh decline below the $0.550 support. The bears were able to push the price into a short-term bearish zone below $0.525, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n