{"id":572506,"date":"2024-01-31T11:27:28","date_gmt":"2024-01-31T11:27:28","guid":{"rendered":"https:\/\/wncen.com\/?p=572506"},"modified":"2024-06-11T11:46:30","modified_gmt":"2024-06-11T11:46:30","slug":"xrp-price-red-0-500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-red-0-500\/","title":{"rendered":"XRP Price Turns Red As Risk of More Downsides Escalate"},"content":{"rendered":"
XRP price is moving lower below the $0.5200 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 $0.512 resistance levels.<\/li>\n
The price is now trading below $0.520 and the 100 simple moving average (4 hours).<\/li>\n
There was a break below a key contracting triangle with support at $0.5220 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is now at risk of more downsides below the $0.5000 support zone.<\/li>\n<\/ul>\n
XRP Price Takes Hit<\/h2>\n
In the past few days, XRP price heavy bearish moves below the $0.550 support. The bears remained active near the $0.5500 resistance and protected a recovery wave, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n