Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/analysis/xrp/xrp-price-faces-dip-0-540/amp/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

XRP Price Faces a Dip, Yet Uptrend Support Holds Firm

XRP Price Faces a Dip

XRP Price Faces a Dip

XRP price struggled near $0.6375 and corrected gains. The price is now trading near $0.540 and might remain stable unless it dives below $0.520.

XRP Price Takes A Hit

XRP price struggled to continue higher above the $0.6375 resistance zone and started a fresh decline. The price declined below the $0.620 and $0.600 support levels, like Ethereum and Bitcoin.

There was a break below a connecting bullish trend line with support at $0.580 on the hourly chart of the XRP/USD pair. The pair even declined below the $0.5650 support and the 100-hourly Simple Moving Average. A low is formed at $0.5404 and the price is now consolidating losses.

The price is now trading below $0.600 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price could face resistance near the $0.5640 level and the 23.6% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low.

Source: XRPUSD on TradingView.com

The first major resistance is near the $0.5850 level or the 50% Fib retracement level of the recent decline from the $0.6374 swing high to the $0.5404 low. The next key resistance could be $0.600. A clear move above the $0.600 resistance might send the price toward the $0.620 resistance. The next major resistance is near the $0.6375 level. Any more gains might send the price toward the $0.650 resistance.

More Downsides?

If XRP fails to clear the $0.5850 resistance zone, it could continue to move down. Initial support on the downside is near the $0.540 level. The next major support is at $0.520.

If there is a downside break and a close below the $0.520 level, the price might continue to decline toward the $0.50 support in the near term.

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 – $0.540 and $0.520.

Major Resistance Levels – $0.5850 and $0.6000.

Exit mobile version