{"id":175627,"date":"2023-10-17T11:09:32","date_gmt":"2023-10-17T05:39:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175627"},"modified":"2023-10-17T11:09:32","modified_gmt":"2023-10-17T05:39:32","slug":"xrp-price-prediction-chances-of-steep-decline-if-it-closes-below-this-level-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-prediction-chances-of-steep-decline-if-it-closes-below-this-level-crypto-news\/","title":{"rendered":"XRP Price Prediction \u2013 Chances Of Steep Decline If It Closes Below This Level &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>XRP price is attempting a fresh increase from $0.4730 against the US Dollar. The price could climb toward $0.5320 unless there is a downside break below $0.4880.<\/em><\/p>\n<ul>\n<li>XRP is struggling to gain pace above the $0.5065 resistance against the US dollar.<\/li>\n<li>The price is now trading below $0.500 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to move down if it breaks the $0.4880 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Recovery<\/h2>\n<p>After a steady decline, XRP found support near the $0.4730 zone. The price started a recovery wave above the $0.480 level, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-toward-30k\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-faces-test-1570\/\">Ethereum<\/a>.<\/p>\n<p>There was a move above the $0.4880 resistance. The bulls pushed it above the 23.6% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low. Besides, there was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP\/USD pair.<\/p>\n<p>However, the bears remained active above the $0.500 resistance zone. The price is now trading below $0.500 and the 100 simple moving average (4 hours).<\/p>\n<p>On the upside, immediate resistance is near the $0.500 level. The first major resistance is near the $0.5065 level and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/XRP_Price-2.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\">XRPUSD on TradingView.com<\/a><\/p>\n<p>A close above the $0.5065 level could send the price toward the $0.521 resistance. A successful break above the $0.521 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.585 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.5065 resistance zone, it could continue to move down. Initial support on the downside is near the $0.488 zone.<\/p>\n<p>The next major support is at $0.4730. If there is a downside break and a close below the $0.4730 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.4320 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.488, $0.473, and $0.432.<\/p>\n<p>Major Resistance Levels \u2013 $0.5065, $0.5210, and $0.550.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is attempting a fresh increase from $0.4730 against the US Dollar. The price could climb toward $0.5320 unless there is a downside break below $0.4880. XRP is struggling to gain pace above the $0.5065 resistance against the US dollar. The price is now trading below $0.500 and the 100 simple moving average (4 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":171314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-175627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175627"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175627\/revisions"}],"predecessor-version":[{"id":175628,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175627\/revisions\/175628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/171314"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}