{"id":644668,"date":"2024-09-26T04:28:58","date_gmt":"2024-09-26T04:28:58","guid":{"rendered":"https:\/\/wncen.com\/?p=644668"},"modified":"2024-09-26T04:17:06","modified_gmt":"2024-09-26T04:17:06","slug":"xrp-price-upside-fades-0-60","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-upside-fades-0-60\/","title":{"rendered":"XRP Price Upside Fades: Is a Reversal on the Horizon?"},"content":{"rendered":"<p><em>XRP price failed to climb above the $0.6050 resistance and declined. The price is now testing the $0.5765 support and might consolidate for some time.<\/em><\/p>\n<ul>\n<li>XRP price is still struggling to clear the $0.600 resistance zone.<\/li>\n<li>The price is now trading below $0.590 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $0.5850 and $0.5880 resistance levels.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price struggled to gain pace for a move above the $0.600 resistance zone. The price started a downside correction and traded below the $0.5880 support like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-sees-dip-64k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-rise-2620\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a drop below the $0.580 level and the price tested $0.5750. A low was formed at $0.5744 and the price is now attempting a recovery wave. There was a move above the $0.5780 and $0.580 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.5953 swing high to the $0.5744 low.<\/p>\n<p>The price is now trading below $0.590 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5850 level. There is also a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP\/USD pair.<\/p>\n<figure id=\"attachment_644669\" aria-describedby=\"caption-attachment-644669\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-644669 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/XRP_Price_808455.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-644669\" 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 first major resistance is near the $0.5880 level or the 61.8% Fib retracement level of the downward move from the $0.5953 swing high to the $0.5744 low. The next key resistance could be $0.5920. A clear move above the $0.5920 resistance might send the price toward the $0.5950 resistance. Any more gains might send the price toward the $0.600 resistance or even $0.6050 in the near term.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.5850 resistance zone, it could start another decline. Initial support on the downside is near the $0.5765 level. The next major support is near the $0.5750 level.<\/p>\n<p>If there is a downside break and a close below the $0.5750 level, the price might continue to decline toward the $0.5640 support in the near term. The next major support sits at $0.5500.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish 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 $0.5765 and $0.5750.<\/p>\n<p>Major Resistance Levels \u2013 $0.5850 and $0.5880.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price failed to climb above the $0.6050 resistance and declined. The price is now testing the $0.5765 support and might consolidate for some time. XRP price is still struggling to clear the $0.600 resistance zone. The price is now trading below $0.590 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.5850 and $0.5880 resistance levels. XRP Price Dips Again XRP price struggled to gain pace for a move above the $0.600 resistance zone. The price started a downside correction and traded below the $0.5880 support like Bitcoin and Ethereum. There was a drop below the $0.580 level and the price tested $0.5750. A low was formed at $0.5744 and the price is now attempting a recovery wave. There was a move above the $0.5780 and $0.580 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.5953 swing high to the $0.5744 low. The price is now trading below $0.590 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5850 level. There is also a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $0.5880 level or the 61.8% Fib retracement level of the downward move from the $0.5953 swing high to the $0.5744 low. The next key resistance could be $0.5920. A clear move above the $0.5920 resistance might send the price toward the $0.5950 resistance. Any more gains might send the price toward the $0.600 resistance or even $0.6050 in the near term. More Losses? If XRP fails to clear the $0.5850 resistance zone, it could start another decline. Initial support on the downside is near the $0.5765 level. The next major support is near the $0.5750 level. If there is a downside break and a close below the $0.5750 level, the price might continue to decline toward the $0.5640 support in the near term. The next major support sits at $0.5500. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $0.5765 and $0.5750. Major Resistance Levels \u2013 $0.5850 and $0.5880.<\/p>\n","protected":false},"author":67,"featured_media":644670,"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-644668","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 Upside Fades: Is a Reversal on the Horizon?<\/title>\n<meta name=\"description\" content=\"XRP price failed to climb above the $0.6050 resistance and declined. 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