XRP Price Still at Risk: Will It Face Another Downside Break?
2024年5月20日 - 11:28AM
NEWSBTC
XRP price started another decline after it failed to surpass the
$0.530 resistance. The price is back below $0.5150 and showing a
few bearish signs. XRP struggled near $0.5300 and started a fresh
decline. The price is now trading below $0.5150 and the 100-hourly
Simple Moving Average. There was a break below a key contracting
triangle with support at $0.520 on the hourly chart of the XRP/USD
pair (data source from Kraken). The pair could gain bearish
momentum if there is a close below $0.500. XRP Price Turns Red
After a steady increase, XRP price faced resistance near the $0.530
zone. A high was formed at $0.5293 and the price started a downside
correction like Bitcoin and Ethereum. The price declined below the
$0.5220 level. There was a move below the 50% Fib retracement level
of the upward wave from the $0.4967 swing low to the $0.5293 high.
Besides, there was a break below a key contracting triangle with
support at $0.520 on the hourly chart of the XRP/USD pair. The
price is now trading below $0.5150 and the 100-hourly Simple Moving
Average. Immediate resistance is near the $0.5150 level. The first
key resistance is near $0.520. A close above the $0.520 resistance
zone could send the price higher. The next key resistance is near
$0.5220. If the bulls push the price above the $0.5280 resistance
level, there could be a fresh move toward the $0.5350 resistance.
Any more gains might send the price toward the $0.550 resistance.
More Losses? If XRP fails to clear the $0.5150 resistance zone, it
could continue to move down. Initial support on the downside is
near the $0.5045 level or the 76.4% Fib retracement level of the
upward wave from the $0.4967 swing low to the $0.5293 high. The
next major support is at $0.500. The main support is now near
$0.4965. If there is a downside break and a close below the $0.4965
level, the price might accelerate lower. In the stated case, the
price could drop and test the $0.4840 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 – $0.5040 and $0.5000. Major Resistance Levels –
$0.5150 and $0.5200.
Ripple (COIN:XRPUSD)
過去 株価チャート
から 5 2024 まで 6 2024
Ripple (COIN:XRPUSD)
過去 株価チャート
から 6 2023 まで 6 2024