Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the multisite-clone-duplicator 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 6114
[www-stage.newsbtc.com/analysis/xrp/xrp-price-reverses-0-60/amp/]
[wp-includes/functions.php:6114 trigger_error(), wp-includes/functions.php:6054 wp_trigger_error(), wp-includes/l10n.php:1370 _doing_it_wrong(), wp-includes/l10n.php:1408 _load_textdomain_just_in_time(), wp-includes/l10n.php:194 get_translations_for_domain(), wp-includes/l10n.php:306 translate(), wp-content/plugins/multisite-clone-duplicator/include/lang.php:6 __(), wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php:32 require_once('wp-content/plugins/multisite-clone-duplicator/include/lang.php'), wp-settings.php:471 include_once('wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.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 Reverses Course: Are More Losses Coming?

XRP Price Reverses Course: Are More Losses Coming?

XRP Price Reverses Course

XRP Price Reverses Course

XRP price failed to start a fresh increase above the $0.600 zone. The price reversed and now consolidates near the $0.570 level.

XRP Price Drops Again

XRP price failed to gain pace for a move above the $0.60 level. It formed a high at $0.60 and started another decline like Bitcoin and Ethereum. There was a move below the $0.5850 and $0.580 levels.

There was a break below a short-term rising channel with support at $0.590 on the hourly chart of the XRP/USD pair. The pair even spiked below the $0.5550 support level. A low was formed at $0.5538 and the price is now consolidating losses.

There was a minor move above the $0.5640 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The price is still trading below $0.600 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $0.5770 level. It is close to the 50% Fib retracement level of the downward move from the $0.60 swing high to the $0.5538 low. The first major resistance is near the $0.5885 level.

Source: XRPUSD on TradingView.com

The next key resistance could be $0.60. A clear move above the $0.60 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6160 level. Any more gains might send the price toward the $0.6250 resistance or even $0.6320 in the near term.

Another Drop?

If XRP fails to clear the $0.5770 resistance zone, it could start another decline. Initial support on the downside is near the $0.560 level. The next major support is at $0.5550.

If there is a downside break and a close below the $0.5550 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits at $0.520.

Technical Indicators

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

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

Major Support Levels – $0.5620 and $0.5550.

Major Resistance Levels – $0.5885 and $0.6000.

Exit mobile version