{"id":626609,"date":"2024-06-27T04:18:54","date_gmt":"2024-06-27T04:18:54","guid":{"rendered":"https:\/\/wncen.com\/?p=626609"},"modified":"2024-06-27T04:05:48","modified_gmt":"2024-06-27T04:05:48","slug":"xrp-price-dips-0-4680","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-dips-0-4680\/","title":{"rendered":"XRP Price Dips Again: What\u2019s Causing The Continued Slide?"},"content":{"rendered":"<p><em>XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support.<\/em><\/p>\n<ul>\n<li>XRP price failed to extend gains above the $0.4800 resistance zone.<\/li>\n<li>The price is now trading below $0.4750 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might again face rejections near $0.4720 and $0.480.<\/li>\n<\/ul>\n<h2>XRP Price Retreats<\/h2>\n<p>XRP price attempted a recovery wave above the $0.4720 level like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-dive-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-roadblocks-3450\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. However, the bears were active near the $0.480 resistance zone. A high was formed at $0.4797 and the price started a fresh decline.<\/p>\n<p>There was a move below the $0.4750 and $0.4720 levels. The price declined below the 50% Fib retracement level of the upward move from the $0.4619 swing low to the $0.4797 high. There is also a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. However, it is finding bids near the 61.8% Fib retracement level of the upward move from the $0.4619 swing low to the $0.4797 high.<\/p>\n<p>On the upside, the price is facing resistance near the $0.4720 level. The first major resistance is near the $0.4750 level. The main hurdle is still near $0.480.<\/p>\n<figure id=\"attachment_626610\" aria-describedby=\"caption-attachment-626610\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-626610 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?resize=1024%2C461\" alt=\"XRP Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP_Price_a9b2d8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-626610\" 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>A clear move above the $0.480 resistance might send the price toward the $0.4850 resistance. The next major resistance is near the $0.500 level. A close above the $0.500 resistance zone could send the price higher. The next key resistance is near $0.5120. Any more gains might send the price toward the $0.5250 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.4720 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4680 level.<\/p>\n<p>The next major support is at $0.4620. If there is a downside break and a close below the $0.4620 level, the price might continue to decline. In the stated case, the price could even trade below the $0.4320 support 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 $0.4680 and $0.4620.<\/p>\n<p>Major Resistance Levels \u2013 $0.4720 and $0.4800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support. XRP price failed to extend gains above the $0.4800 resistance zone. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might again face rejections near $0.4720 and $0.480. XRP Price Retreats XRP price attempted a recovery wave above the $0.4720 level like Bitcoin and Ethereum. However, the bears were active near the $0.480 resistance zone. A high was formed at $0.4797 and the price started a fresh decline. There was a move below the $0.4750 and $0.4720 levels. The price declined below the 50% Fib retracement level of the upward move from the $0.4619 swing low to the $0.4797 high. There is also a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP\/USD pair. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. However, it is finding bids near the 61.8% Fib retracement level of the upward move from the $0.4619 swing low to the $0.4797 high. On the upside, the price is facing resistance near the $0.4720 level. The first major resistance is near the $0.4750 level. The main hurdle is still near $0.480. A clear move above the $0.480 resistance might send the price toward the $0.4850 resistance. The next major resistance is near the $0.500 level. A close above the $0.500 resistance zone could send the price higher. The next key resistance is near $0.5120. Any more gains might send the price toward the $0.5250 resistance. More Losses? If XRP fails to clear the $0.4720 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4680 level. The next major support is at $0.4620. If there is a downside break and a close below the $0.4620 level, the price might continue to decline. In the stated case, the price could even trade below the $0.4320 support 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 $0.4680 and $0.4620. Major Resistance Levels \u2013 $0.4720 and $0.4800.<\/p>\n","protected":false},"author":67,"featured_media":626611,"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-626609","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 Dips Again: What\u2019s Causing The Continued Slide?<\/title>\n<meta name=\"description\" content=\"XRP price struggled to recover above the $0.480 resistance zone. 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