{"id":573730,"date":"2024-02-07T05:08:22","date_gmt":"2024-02-07T05:08:22","guid":{"rendered":"https:\/\/wncen.com\/?p=573730"},"modified":"2024-06-11T13:10:14","modified_gmt":"2024-06-11T13:10:14","slug":"xrp-price-break-moment-0-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-break-moment-0-50\/","title":{"rendered":"XRP Price At Make-Or-Break Moment, Key Levels To Watch"},"content":{"rendered":"<p><em>XRP price is struggling to clear the $0.520 resistance. The price could gain bearish momentum if there is a close below the $0.4850 support.<\/em><\/p>\n<ul>\n<li>XRP is showing bearish signs below the $0.520 and $0.508 resistance levels.<\/li>\n<li>The price is now trading below $0.520 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is now at risk of more downsides below the $0.5000 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Faces Many Hurdles<\/h2>\n<p>In the past few days, XRP price saw a downside reaction below the $0.550 pivot level. The bears remained active and were able to push the price below the $0.500 support zone.<\/p>\n<p>Recently, there was a recovery wave above the $0.500 level. The bulls pushed the price above the 50% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. However, the bears were active near the $0.525 resistance.<\/p>\n<p>Ripple\u2019s token failed to clear the 76.4% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. XRP is now trading in a bearish zone below $0.508 and the 100 simple moving average (4 hours), unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-reclaims-42500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-big-move-2500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>On the upside, immediate resistance is near the $0.512 zone. There is also a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair. The first key resistance is near $0.520, above which the price could rise toward the $0.5320 resistance.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-573731\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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 close above the $0.5320 resistance zone could spark a strong increase. The next key resistance is near $0.5550. If the bulls remain in action above the $0.5550 resistance level, there could be a rally toward the $0.5840 resistance. Any more gains might send the price toward the $0.6000 resistance.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $0.5120 resistance zone, it could continue to move down. Initial support on the downside is near the $0.500 zone.<\/p>\n<p>The next major support is at $0.485. If there is a downside break and a close below the $0.485 level, the price might accelerate lower. In the stated case, the price could retest the $0.450 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 $0.500, $0.485, and $0.450.<\/p>\n<p>Major Resistance Levels \u2013 $0.512, $0.520, and $0.532.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is struggling to clear the $0.520 resistance. The price could gain bearish momentum if there is a close below the $0.4850 support. XRP is showing bearish signs below the $0.520 and $0.508 resistance levels. The price is now trading below $0.520 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair is now at risk of more downsides below the $0.5000 support zone. XRP Price Faces Many Hurdles In the past few days, XRP price saw a downside reaction below the $0.550 pivot level. The bears remained active and were able to push the price below the $0.500 support zone. Recently, there was a recovery wave above the $0.500 level. The bulls pushed the price above the 50% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. However, the bears were active near the $0.525 resistance. Ripple\u2019s token failed to clear the 76.4% Fib retracement level of the downward wave from the $0.5390 swing high to the $0.4850 low. XRP is now trading in a bearish zone below $0.508 and the 100 simple moving average (4 hours), unlike Bitcoin and Ethereum. On the upside, immediate resistance is near the $0.512 zone. There is also a connecting bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP\/USD pair. The first key resistance is near $0.520, above which the price could rise toward the $0.5320 resistance. Source: XRPUSD on TradingView.com A close above the $0.5320 resistance zone could spark a strong increase. The next key resistance is near $0.5550. If the bulls remain in action above the $0.5550 resistance level, there could be a rally toward the $0.5840 resistance. Any more gains might send the price toward the $0.6000 resistance. More Downsides? If XRP fails to clear the $0.5120 resistance zone, it could continue to move down. Initial support on the downside is near the $0.500 zone. The next major support is at $0.485. If there is a downside break and a close below the $0.485 level, the price might accelerate lower. In the stated case, the price could retest the $0.450 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 $0.500, $0.485, and $0.450. Major Resistance Levels \u2013 $0.512, $0.520, and $0.532.<\/p>\n","protected":false},"author":67,"featured_media":423435,"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":[3680,74937,10972,78763],"class_list":["post-573730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price At Make-Or-Break Moment, Key Levels To Watch<\/title>\n<meta name=\"description\" content=\"XRP price is struggling to clear the $0.520 resistance. 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