{"id":625757,"date":"2024-06-21T04:18:08","date_gmt":"2024-06-21T04:18:08","guid":{"rendered":"https:\/\/wncen.com\/?p=625757"},"modified":"2024-06-21T04:18:08","modified_gmt":"2024-06-21T04:18:08","slug":"xrp-price-under-siege-0-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-under-siege-0-50\/","title":{"rendered":"XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness"},"content":{"rendered":"<p><em>XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support.<\/em><\/p>\n<ul>\n<li>XRP price faced another rejection near the $0.50 resistance zone.<\/li>\n<li>The price is now trading below $0.4950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could extend losses if there is a close below the $0.4850 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price attempted a fresh increase above the $0.4950 resistance zone. It even spiked above the $0.50 resistance but there was no real bullish momentum. A high was formed at $0.5019 and the price started a fresh decline like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-dips-again-65k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move below the $0.4980 and $0.4950 levels. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP\/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high.<\/p>\n<p>The price is now trading below $0.4950 and the <a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-stuck-0-50\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. The bulls seem to be active near the $0.4850 support and the 61.8% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high.<\/p>\n<p>If there is a fresh increase, the price might face hurdles near the $0.4950 level. The first major resistance is near the $0.50 and $0.5020 levels. A clear move above the $0.5020 resistance might send the price toward the $0.5150 resistance.<\/p>\n<figure id=\"attachment_625758\" aria-describedby=\"caption-attachment-625758\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-625758 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_ff3efb.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-625758\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next major resistance is near the $0.5250 level. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320. Any more gains might send the price toward the $0.550 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.50 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level.<\/p>\n<p>The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4540 low in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.4850 and $0.4765.<\/p>\n<p>Major Resistance Levels \u2013 $0.5020 and $0.5150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support. XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could extend losses if there is a close below the $0.4850 support zone. XRP Price Dips Again XRP price attempted a fresh increase above the $0.4950 resistance zone. It even spiked above the $0.50 resistance but there was no real bullish momentum. A high was formed at $0.5019 and the price started a fresh decline like Bitcoin. There was a move below the $0.4980 and $0.4950 levels. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP\/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. The bulls seem to be active near the $0.4850 support and the 61.8% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. If there is a fresh increase, the price might face hurdles near the $0.4950 level. The first major resistance is near the $0.50 and $0.5020 levels. A clear move above the $0.5020 resistance might send the price toward the $0.5150 resistance. The next major resistance is near the $0.5250 level. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320. Any more gains might send the price toward the $0.550 resistance. More Losses? If XRP fails to clear the $0.50 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level. The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4540 low in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.4850 and $0.4765. Major Resistance Levels \u2013 $0.5020 and $0.5150.<\/p>\n","protected":false},"author":67,"featured_media":625759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-625757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness<\/title>\n<meta name=\"description\" content=\"XRP price struggled to surpass the $0.500 resistance zone. 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