{"id":195615,"date":"2023-11-17T22:23:20","date_gmt":"2023-11-17T16:53:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction-crypto-news\/"},"modified":"2023-11-17T22:23:24","modified_gmt":"2023-11-17T16:53:24","slug":"xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction-crypto-news\/","title":{"rendered":"XRP Price Prediction as a Fall Below $0.6 Hints Prolong Correction &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-164774\">\n<p>\nXRP Price Prediction: Is the current retracement in XRP price healthy or start of a major price fall?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/KeQQ0gmC-e1700238326929.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 21 mins ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">XRP Price Prediction: As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> grapples with resistance at the $38,000 mark, a ripple effect is seen across the altcoin market, triggering a correction phase in several major cryptocurrencies. XRP, in particular, has not been immune to this trend, witnessing a 17.9% decline over the past two weeks, bringing its current trading price to around $0.6. Despite this setback, the coin\u2019s position within the Fibonacci retracement levels suggests the overall bullish trend remains unbroken<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-relisted-on-top-exchange-after-22-months-hiatus\/\">XRP Relisted on Top Exchange After 22 Months Hiatus<\/a><\/p>\n<h2><b>Is Current Retracement Healthy?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A correction below 61.8% Fibonacci retracement level reflects projecting weakening bullish momentum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The XRP price above 100-and-200-day accentuates the overall trend and remains bullish.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the XRP is $1.6 Million, indicating a 6.2% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Chart\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/k\/KeQQ0gmC.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/k\/KeQQ0gmC.png\" alt=\"TradingView Chart\"\/><\/noscript>Source: <\/span><span style=\"font-weight: 400;\">Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Daily time frame Chart of XRP price illustrates a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/xrp-price-prediction-will-xrp-regain-1-by-2023-end\/\">notable rally from October to November<\/a>, where its value climbed from $0.472 to $0.735. This movement has contributed to the formation of a \u2019rounding bottom\u2019 pattern, often interpreted as a bullish reversal indicator.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This pattern, resembling a cup, indicates potential for sustainable growth and offers an opportune entry point for market participants. However, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\">XRP price<\/a> underwent a minor correction after peaking at $0.735, influenced by increased selling pressure across the broader market.<\/span><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Today, it has incurred a 3% loss, slipping just below the 50% Fibonacci retracement level to trade at $0.6. While this level of retracement is generally deemed acceptable for regaining bullish momentum, a fall below this threshold could signal a weakening in the bullish trend.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If XRP price sustains above the $0.6 level, there\u2019s a possibility for a resurgence in bullish momentum, potentially retesting the $0.753 high.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, a drop below the 61.8% Fibonacci level could escalate selling pressure, potentially pushing the price down to $0.51.<\/span><\/p>\n<h2><b>Should You Keep Holding XRP?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Renowned crypto analyst \u2018EGRAGCRYPTO\u2019 recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/egragcrypto\/status\/1725437336408772609?s=20\">shared insights<\/a> on the XRP price movement on the \u2018X\u2019 platform, posting a monthly chart that highlights a triangle-type pattern. Accompanying this observation with phrases like \u201cthe Storm\u2019s Brewing,\u201d the analyst seems to be rallying the Crypto Army to maintain confidence in their holdings.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">This triangle pattern formation suggests that XRP\u2019s price might hover sideways for a few more months before making a decisive breakout, likely on the upside, potentially leading to a significant rally.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Exponential Moving Average (EMA)<\/strong>: The rising 50, 100, and 200-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">EMAs<\/a> are poised to provide solid support during the ongoing retracement phase in XRP.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Relative Strength Index (RSI)<\/strong>: The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> dipping below 45%, indicates a weakening of the bullish momentum.<\/span><\/li>\n<\/ul>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/34cdba3ccb4cbc382c1d6ee84c34a97a.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction\/&#038;text=XRP Price Prediction as a Fall Below $0.6 Hints Prolong Correction\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/xrp-price-prediction-as-a-fall-below-0-6-hints-prolong-correction\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA164774\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD164774\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP Price Prediction: Is the current retracement in XRP price healthy or start of a major price fall? Published 21 mins ago XRP Price Prediction: As Bitcoin price grapples with resistance at the $38,000 mark, a ripple effect is seen across the altcoin market, triggering a correction phase in several major cryptocurrencies. XRP, in particular, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":195616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-195615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195615","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=195615"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195615\/revisions"}],"predecessor-version":[{"id":195617,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195615\/revisions\/195617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/195616"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=195615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=195615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=195615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}