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6 hour ago
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BEARISH 📉 : XRP price dives 15% as decline continues below $1.50

XRP's price experienced a decline, trading below $1.60, and is currently consolidating with potential for further decrease if it remains under $1.50.

  • The price dropped below the $1.650 zone and the 100-hourly Simple Moving Average.
  • A bearish trend line has formed with resistance at $1.650 on the XRP/USD hourly chart.
  • Further decline is possible if the price stays below $1.650.

Price Movement Details

XRP failed to maintain above $1.80, similar to Bitcoin and Ethereum, declining below $1.720 and $1.650 into a bearish zone.

A low was recorded at $1.50, with the current price consolidation happening below $1.60, facing resistance near $1.60 and $1.650.

XRP Price

Potential Scenarios

  • A close above $1.650 could push the price to $1.720 and potentially to $1.770 or $1.80 resistance levels.
  • If unable to surpass the $1.60 resistance, the price might decline again, with key supports at $1.540 and $1.5150.
  • A break below $1.5150 could lead to further decline towards $1.50 and possibly $1.4650 or $1.420.

Technical Indicators

  • Hourly MACD: Gaining in the bearish zone.
  • Hourly RSI: Below 50.
  • Support Levels: $1.540 and $1.50.
  • Resistance Levels: $1.60 and $1.650.