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<a href="https://en.coin-turk.com/bitcoin-and-altcoins-plummet-suddenly-whats-happening-in-the-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a> investors are curious about what the future holds for <a href="https://coin-turk.com/ripple-fiyati-xrp-1-dolari-asmak-icin-mucadele-ediyor" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/cryptocurrency-market-update-the-latest-on-bitcoin-xrp-and-litecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>‘s <a href="https://coin-turk.com/unlu-analistten-kehanet-gibi-xrp-fiyat-tahmini-21-dolar-icin-tarih-verdi-bakin-ne-zaman" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-market-declining-xrp-falls-to-critical-price-levels-again/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> and which direction its price will move. Currently, XRP is trading below $0.50 and a drop below the support level of $0.472 could further decrease the price.
<h2 style="text-align: justify" id="strong-the-current-state-of-xrp-coin-strong">The Current State of XRP Coin</h2>
In the past few days, XRP has experienced a significant drop below $0.520 and the decline accelerated when the price fell below $0.512. Bears attempted to pull the price below the support level of $0.50, even pushing it down to the 55-day Simple Moving Average (MA) and below $0.475 on the 4-hour time frame. The recent low was around $0.4730 and the price is currently trying to recover.
Recently, XRP’s price managed to climb above $0.484. However, XRP is currently trading below $0.50 and the 55-day MA on the 4-hour time frame. On the upside, the price faces resistance near $0.492, which also represents a 23.6% Fibonacci retracement level of the movement from $0.5510 to $0.4730.
Furthermore, there is a significant descending resistance trendline near $0.492 on the 4-hour time frame. After this resistance trendline, the main resistance level is located around $0.512. This level is close to the 50% Fibonacci retracement level of the movement from the recent peak of $0.5510 to the low of $0.4730.
<h2 style="text-align: justify" id="strong-will-xrp-coin-rise-strong">Will XRP Coin Rise?</h2>
A clear move above $0.512 could trigger a new increase in XRP’s price. In this scenario, the price could surpass the $0.520 resistance and gain momentum towards the $0.550 resistance. On the downside, the first support is around $0.4780, followed by a significant support level near $0.4720. In case of further losses, the price could decline to $0.450 and test the $0.4320 level if it goes below.
<img decoding="async" class="aligncenter size-full wp-image-267111" src="https://coin-turk.com/wp-content/uploads/2023/10/XRP-Coin-Artar-mi-XRP-Coin-gelecegi.png" alt="" width="1835" height="839">
Analyzing the chart, we can see that XRP’s price is generally trading below the $0.50 region and the 55-day MA on the 4-hour time frame. Therefore, it is important to consider a scenario where the price breaks below the support level of $0.4720, as it could lead to further losses. Continue Reading: <a href="https://en.coin-turk.com/the-current-state-of-xrp-coin-will-xrp-coin-rise-xrp-coin-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-current-state-of-xrp-coin-will-xrp-coin-rise-xrp-coin-analysis/</a>

The Current State of XRP Coin: Will XRP Coin Rise? XRP Coin Analysis

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