XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next major resistance is near the $0.5840 level. Any more gains might send the price toward the $0.5920 resistance or even $0.60 in the near term.<\/p>\n
More Losses?<\/h2>\n If XRP fails to clear the $0.5650 resistance zone, it could start another decline. Initial support on the downside is near the $0.5440 level. The next major support is at $0.5320.<\/p>\n
If there is a downside break and a close below the $0.5320 level, the price might continue to decline toward the $0.5220 support in the near term. The next major support sits at $0.5150.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5440 and $0.5320.<\/p>\n
Major Resistance Levels \u2013 $0.5560 and $0.5650.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price extended losses below the $0.5650 support. The price is showing bearish signs and might even decline below the $0.540 level. XRP price started a fresh decline below the $0.600 zone. The price is now trading below $0.5650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.5650 resistance zone. XRP Price Turns Red XRP price failed to stay above the $0.60 support and extended losses like Bitcoin and Ethereum. The price declined below the $0.5650 and $0.5550 support levels to enter a bearish zone. The price even tested the $0.5440 level. A low was formed at $0.5440 and the price is now consolidating losses. It is trying to start a recovery wave and test the 23.6% Fib retracement level of the recent decline from the $0.5721 swing high to the $0.5440 low. The price is still trading below $0.5650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5550 level. The first major resistance is near the $0.5560 level. There is also a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $0.5721 swing high to the $0.5440 low. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5720 resistance. The next major resistance is near the $0.5840 level. Any more gains might send the price toward the $0.5920 resistance or even $0.60 in the near term. More Losses? If XRP fails to clear the $0.5650 resistance zone, it could start another decline. Initial support on the downside is near the $0.5440 level. The next major support is at $0.5320. If there is a downside break and a close below the $0.5320 level, the price might continue to decline toward the $0.5220 support in the near term. The next major support sits at $0.5150. 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 $0.5440 and $0.5320. Major Resistance Levels \u2013 $0.5560 and $0.5650.<\/p>\n","protected":false},"author":67,"featured_media":639129,"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-639127","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
XRP Price Struggles: Can It Break Free from the Downtrend?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n