{"id":647245,"date":"2024-10-10T04:08:51","date_gmt":"2024-10-10T04:08:51","guid":{"rendered":"https:\/\/www.wncen.com\/?p=647245"},"modified":"2024-10-10T03:22:05","modified_gmt":"2024-10-10T03:22:05","slug":"xrp-price-slows-down-0-5220","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-slows-down-0-5220\/","title":{"rendered":"XRP Price Slows Down: Will Bears Take Over or Bulls Fight Back?"},"content":{"rendered":"
XRP price is still trading in a range below the $0.550 level. The price is slowly moving lower and there could be more downsides below $0.520.<\/em><\/p>\n
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XRP price is still stuck in a range above the $0.5080 support.<\/li>\n
The price is now trading below $0.5300 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.5285 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $0.5300 and $0.5320 resistance levels.<\/li>\n<\/ul>\n
XRP Price Dips Further<\/h2>\n
XRP price failed to start a fresh increase above the $0.5350 resistance. It started another decline and traded below the $0.5250 support level.<\/p>\n