{"id":576306,"date":"2024-02-22T05:48:02","date_gmt":"2024-02-22T05:48:02","guid":{"rendered":"https:\/\/wncen.com\/?p=576306"},"modified":"2024-06-11T09:35:48","modified_gmt":"2024-06-11T09:35:48","slug":"xrp-price-prediction-increase-0-535","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-prediction-increase-0-535\/","title":{"rendered":"XRP Price Prediction: Bulls Take Hit But This Level Could Trigger Another Increase"},"content":{"rendered":"<p><em>XRP price started a downside correction from the $0.580 resistance. The price could start a fresh rally unless there is a close below the $0.535 support.<\/em><\/p>\n<ul>\n<li>XRP is struggling to clear the $0.5650 and $0.580 resistance levels.<\/li>\n<li>The price is now trading above $0.535 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh rally unless there is a close below the $0.535 support.<\/li>\n<\/ul>\n<h2>XRP Price Dips To Key Support<\/h2>\n<p>In the past few days, XRP price recovered higher from the $0.520 zone. There was a move above the $0.535 and $0.550 resistance levels. However, the bears remained active near the $0.580 resistance and protected more upsides, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-holds-ground-50500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-retreats-from-3k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The recent high was formed at $0.5792 before there was a downside correction. There was a move below the $0.550 level. The price even tested the $0.535 support. A low is formed near $0.5322 and the price is now consolidating losses.<\/p>\n<p>Ripple\u2019s token price is now trading above $0.535 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP\/USD pair. On the upside, immediate resistance is near the $0.5550 zone. It is close to the 50% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low.<\/p>\n<p>The first key resistance is near $0.5620 or the 61.8% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low, above which the price could rise toward the $0.580 resistance. A close above the $0.580 resistance zone could spark a strong increase.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-576307\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?resize=1024%2C461\" alt=\"XRP Price Prediction\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP_Price_3d4a20.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>The next key resistance is near $0.600. If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.620 resistance. Any more gains might send the price toward the $0.650 resistance.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.535 zone and the trend line.<\/p>\n<p>The next major support is at $0.5220. If there is a downside break and a close below the $0.5220 level, the price might accelerate lower. In the stated case, the price could retest the $0.480 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.535, $0.522, and $0.480.<\/p>\n<p>Major Resistance Levels \u2013 $0.555, $0.565, and $0.580.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a downside correction from the $0.580 resistance. The price could start a fresh rally unless there is a close below the $0.535 support. XRP is struggling to clear the $0.5650 and $0.580 resistance levels. The price is now trading above $0.535 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh rally unless there is a close below the $0.535 support. XRP Price Dips To Key Support In the past few days, XRP price recovered higher from the $0.520 zone. There was a move above the $0.535 and $0.550 resistance levels. However, the bears remained active near the $0.580 resistance and protected more upsides, like Bitcoin and Ethereum. The recent high was formed at $0.5792 before there was a downside correction. There was a move below the $0.550 level. The price even tested the $0.535 support. A low is formed near $0.5322 and the price is now consolidating losses. Ripple\u2019s token price is now trading above $0.535 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5350 on the 4-hour chart of the XRP\/USD pair. On the upside, immediate resistance is near the $0.5550 zone. It is close to the 50% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low. The first key resistance is near $0.5620 or the 61.8% Fib retracement level of the downward move from the $0.5793 swing high to the $0.5322 low, above which the price could rise toward the $0.580 resistance. A close above the $0.580 resistance zone could spark a strong increase. Source: XRPUSD on TradingView.com The next key resistance is near $0.600. If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.620 resistance. Any more gains might send the price toward the $0.650 resistance. Another Decline? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.535 zone and the trend line. The next major support is at $0.5220. If there is a downside break and a close below the $0.5220 level, the price might accelerate lower. In the stated case, the price could retest the $0.480 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now losing 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 $0.535, $0.522, and $0.480. Major Resistance Levels \u2013 $0.555, $0.565, and $0.580.<\/p>\n","protected":false},"author":67,"featured_media":454014,"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-576306","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 Prediction: Bulls Take Hit But This Level Could Trigger Another Increase<\/title>\n<meta name=\"description\" content=\"XRP price started a downside correction from the $0.580 resistance. 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