XRP Price Falls Below Support, Bearish Momentum Builds
16 Settembre 2024 - 6:28AM
NEWSBTC
XRP price started another decline from the $0.5980 zone. It is
gaining bearish momentum and might drop below the $0.5500 support
zone. XRP price failed to clear the $0.60 resistance zone and
trimmed gains. The price is now trading below $0.5720 and the
100-hourly Simple Moving Average. There was a break below a key
bullish trend line with support at $0.5850 on the hourly chart of
the XRP/USD pair (data source from Kraken). The pair could decline
heavily if there is a close below the $0.550 pivot level. XRP Price
Trims Gains XRP price extended gains above the $0.550 level like
Bitcoin and Ethereum. However, the bulls failed to clear the $0.600
resistance zone. The price formed a high at $0.5989 and the price
is now correcting gains. There was a move below the $0.5750 level.
Besides, there was a break below a key bullish trend line with
support at $0.5850 on the hourly chart of the XRP/USD pair. The
pair tested the 50% Fib retracement level of the upward move from
the $0.5234 swing low to the $0.5989 high. The price is now trading
below $0.5680 and the 100-hourly Simple Moving Average. On the
upside, the price might face resistance near the $0.5720 level and
the 100-hourly Simple Moving Average. The first major resistance is
near the $0.580 level. The next key resistance could be $0.5850. A
clear move above the $0.5850 resistance might send the price toward
the $0.5980 resistance. The next major resistance is near the
$0.600 level. Any more gains might send the price toward the
$0.6120 resistance or even $0.620 in the near term. More Downsides?
If XRP fails to clear the $0.5720 resistance zone, it could
continue to move down. Initial support on the downside is near the
$0.5550 level. The next major support is $0.5420 or the 76.4% Fib
retracement level of the upward move from the $0.5234 swing low to
the $0.5989 high. If there is a downside break and a close below
the $0.5420 level, the price might continue to decline toward the
$0.530 support in the near term. The next major support sits at
$0.5250. Technical Indicators Hourly MACD – The MACD for XRP/USD is
now gaining pace in the bearish zone. Hourly RSI (Relative Strength
Index) – The RSI for XRP/USD is now below the 50 level. Major
Support Levels – $0.5550 and $0.5420. Major Resistance Levels –
$0.5720 and $0.5850.
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Ripple (COIN:XRPUSD)
Storico
Da Ott 2023 a Ott 2024