{"id":633086,"date":"2024-08-05T05:28:50","date_gmt":"2024-08-05T05:28:50","guid":{"rendered":"https:\/\/wncen.com\/?p=633086"},"modified":"2024-08-05T05:07:45","modified_gmt":"2024-08-05T05:07:45","slug":"xrp-price-falls-below-0-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-falls-below-0-50\/","title":{"rendered":"XRP Price Falls Below $0.50: Key Takeaways for the Market"},"content":{"rendered":"
XRP price is down over 15% and trading below $0.50. The price is showing bearish signs and might struggle to recover above the $0.520 resistance.<\/em><\/p>\n
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XRP price traded below the $0.500 and $0.4850 support levels.<\/li>\n
The price is now trading below $0.4880 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $0.5180 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could attempt a steady recovery wave if it clears the $0.520 resistance zone.<\/li>\n<\/ul>\n