{"id":626058,"date":"2024-06-24T04:29:42","date_gmt":"2024-06-24T04:29:42","guid":{"rendered":"https:\/\/wncen.com\/?p=626058"},"modified":"2024-06-24T04:29:42","modified_gmt":"2024-06-24T04:29:42","slug":"xrp-bears-in-control-0-4720","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-bears-in-control-0-4720\/","title":{"rendered":"XRP Bears In Control: Understanding the Sustained Bearish Sentiment"},"content":{"rendered":"
XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the bears might aim for a move toward $0.4550.<\/em><\/p>\n
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XRP price faced another rejection near the $0.4880 resistance zone.<\/li>\n
The price is now trading below $0.4850 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.4810 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could extend losses if there is a close below the $0.4720 support zone.<\/li>\n<\/ul>\n
XRP Price Extends Losses<\/h2>\n
XRP price attempted a recovery wave above the $0.4820 resistance zone. However, the bears were active near the $0.4880 resistance zone. A high was formed at $0.4884 and the price started a fresh decline like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n