{"id":300705,"date":"2024-05-13T11:57:19","date_gmt":"2024-05-13T06:27:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=300705"},"modified":"2024-05-13T11:57:19","modified_gmt":"2024-05-13T06:27:19","slug":"xrp-bears-keeps-pushing-indicators-suggest-a-strengthening-case-of-more-losses-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-bears-keeps-pushing-indicators-suggest-a-strengthening-case-of-more-losses-crypto-news\/","title":{"rendered":"XRP Bears Keeps Pushing, Indicators Suggest A Strengthening Case of More Losses &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>XRP price started a fresh decline from the $0.5050 resistance zone. The price could decline further if there is a close below the $0.4865 support.<\/em><\/p>\n<ul>\n<li>XRP extended losses and traded below the $0.500 support.<\/li>\n<li>The price is now trading below $0.4950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could slide further toward the $0.4550 support in the near term.<\/li>\n<\/ul>\n<h2>XRP Price Dives Below $0.50<\/h2>\n<p>Recently, XRP price attempted a recovery wave above the $0.5050 level. However, the bears were active and the price started a fresh decline below the $0.500 support, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-takes-hit-2865\/\">Ethereum<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-60k\/\">Bitcoin<\/a>.<\/p>\n<p>There was a move below the $0.4920 and $0.4880 levels. A low was formed at $0.4867 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $0.5085 swing high to the $0.4867 low.<\/p>\n<p>The price is now trading below $0.4950 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/xrp-price-consolidates-0-530\/\">100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $0.4980 level. There is also a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.5085 swing high to the $0.4867 low.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/XRP_Price_f436ed.png?resize=1024%2C461\"><\/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>The first key resistance is near $0.500. A close above the $0.500 resistance zone could spark a strong increase. The next key resistance is near $0.5085 and the 100-hourly Simple Moving Average. If the bulls remain in action above the $0.5085 resistance level, there could be a rally toward the $0.5250 resistance. Any more gains might send the price toward the $0.550 resistance.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $0.50 resistance zone, it could start another decline. Initial support on the downside is near the $0.4865 level.<\/p>\n<p>The next major support is at $0.4780. If there is a downside break and a close below the $0.4780 level, the price might accelerate lower. In the stated case, the price could retest the $0.450 support zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.4865 and $0.4780.<\/p>\n<p>Major Resistance Levels \u2013 $0.500 and $0.5085.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline from the $0.5050 resistance zone. The price could decline further if there is a close below the $0.4865 support. XRP extended losses and traded below the $0.500 support. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":300706,"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-300705","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\/300705","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=300705"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300705\/revisions"}],"predecessor-version":[{"id":300707,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300705\/revisions\/300707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/300706"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=300705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=300705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=300705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}