{"id":630510,"date":"2024-07-19T04:48:11","date_gmt":"2024-07-19T04:48:11","guid":{"rendered":"https:\/\/wncen.com\/?p=630510"},"modified":"2024-07-19T04:16:20","modified_gmt":"2024-07-19T04:16:20","slug":"xrp-price-faces-dip-0-540","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-faces-dip-0-540\/","title":{"rendered":"XRP Price Faces a Dip, Yet Uptrend Support Holds Firm"},"content":{"rendered":"
XRP price struggled near $0.6375 and corrected gains. The price is now trading near $0.540 and might remain stable unless it dives below $0.520.<\/em><\/p>\n
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XRP price started a downside correction from the $0.6375 zone.<\/li>\n
The price is now trading below $0.580 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could extend losses if there is a move below $0.540 and $0.520.<\/li>\n<\/ul>\n
XRP Price Takes A Hit<\/h2>\n
XRP price struggled to continue higher above the $0.6375 resistance zone and started a fresh decline. The price declined below the $0.620 and $0.600 support levels, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n