Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

XRP Price Faces Ongoing Struggles: Will a Turnaround Happen?

Share This Post

XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace.

  • XRP price is correcting losses from the $0.5120 zone.
  • The price is now trading below $0.5380 and the 100-hourly Simple Moving Average.
  • There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could gain bullish momentum if it clears the $0.5360 resistance zone.

XRP Price Faces Many Hurdles

XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels.

The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low.

There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $0.5360 level. The first major resistance is near the $0.5360 level or the 50% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. The next key resistance could be $0.5485.

XRP Price

A clear move above the $0.5485 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650.

Another Drop?

If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5185 level.

If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.500 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level.

Major Support Levels – $0.5230 and $0.5185.

Major Resistance Levels – $0.5360 and $0.5485.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BzzDrop Launches World’s First “Survey-to-Earn” Blockchain Reward Platform, Announces $BZZ Airdrop

The post BzzDrop Launches World’s First “Survey-to-Earn” Blockchain Reward Platform, Announces $BZZ Airdrop appeared first on Coinpedia Fintech News BzzDrop, a groundbreaking Web3 platform,

Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K

Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading

Crypto.com Secures MiFID License to Expand Services Across Europe

Cryptocom has secured a MiFID license via its acquisition of Allnew Investments Ltd, paving the way for broader financial services offerings, including securities and derivatives across Europe

Crypto Bull Run 2025: Altcoins to Surge 200% in 2-4 Weeks?

The post Crypto Bull Run 2025: Altcoins to Surge 200% in 2-4 Weeks appeared first on Coinpedia Fintech News The crypto market has entered a thrilling phase, with Bitcoin hitting a new all-time high

Top Three Altcoins To Buy in the Coming Altseason As Analyst Forecasts Life-Changing Gains: Ethereum, Unilabs, and Cardano

The post Top Three Altcoins To Buy in the Coming Altseason As Analyst Forecasts Life-Changing Gains: Ethereum, Unilabs, and Cardano appeared first on Coinpedia Fintech News In anticipation of the

Solana Gearing Up for a Huge Breakout—Will It Reach $200 by the End of Q2 2025?

The post Solana Gearing Up for a Huge Breakout—Will It Reach $200 by the End of Q2 2025 appeared first on Coinpedia Fintech News During the last leg of the 2021 bull run, Solana stunned the market