XRP Price Prediction: Ripple Trades Near Make-or-Breaks Levels
April 25 2023 - 2:06AM
NEWSBTC
Ripple is consolidating above the $0.440 support against the US
Dollar. XRP price could recover if it clears the $0.480 resistance
zone. Ripple started a fresh decline from the $0.5380 zone against
the US dollar. The price is now trading below $0.500 and the 100
simple moving average (4 hours). There is a key contracting
triangle forming with support near $0.450 on the 4-hour chart of
the XRP/USD pair (data source from Kraken). The pair might decline
further if it stays below the $0.480 and $0.500 resistance levels.
Ripple Price Drops To $0.44 After a steady increase, Ripple’s XRP
faced sellers near the $0.538 level against the US Dollar. A high
was formed near $0.5382 and the price started a fresh decline,
similar to Bitcoin and Ethereum. There was a clear move below the
$0.520 and $0.500 support levels. The price even declined below
$0.450 and tested $0.440. A low is formed near $0.4403 and the
price is now consolidating losses. It is now trading below $0.500
and the 100 simple moving average (4 hours). There is also a key
contracting triangle forming with support near $0.450 on the 4-hour
chart of the XRP/USD pair. Initial resistance is near the $0.464
zone or the 23.6% Fib retracement level of the downward move from
the $0.5382 swing high to the $0.4403 low. Source: XRPUSD on
TradingView.com The first major resistance is near the $0.490 level
or the 50% Fib retracement level of the downward move from the
$0.5382 swing high to the $0.4403 low. A successful break above the
$0.490 and $0.500 resistance levels might send the price toward the
$0.5252 resistance. Any more gains might send the price toward the
$0.5380 zone. More Losses in XRP? If ripple fails to clear the
$0.490 resistance zone, it could continue to move down. Initial
support on the downside is near the $0.452 zone. The next major
support is near $0.440. The main support is near $0.400. If there
is a downside break and a close below the $0.400 level, XRP’s price
could extend losses. In the stated case, the price could test the
$0.365 support zone. Technical Indicators 4-Hours MACD – The MACD
for XRP/USD is now gaining pace in the bearish zone. 4-Hours RSI
(Relative Strength Index) – The RSI for XRP/USD is now below the 50
level. Major Support Levels – $0.450, $0.440, and $0.400. Major
Resistance Levels – $0.490, $0.500, and $0.538.
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024