2024

Daily

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<ul class="news-points"> 
 <li><strong>XRP risked dropping below the $0.50 support as sellers’ dominance increased.</strong></li> 
 <li><strong>The AO was negative, indicating increasing downward momentum for the token.</strong></li> 
 <li><strong>XRP formed an H&amp;S pattern on the daily chart and could drop by another 15%.</strong></li> 
</ul> 
<p>A comprehensive analysis of <a href="https://coinedition.com/ripple-xrp-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple’s (XRP) price action</a> showed that the token had been confined between $0.49 and $0.53 since January 24. Despite some sideways movement, XRP has flashed a bearish sign, indicating that the token could continue to slip.</p> 
<p>Altcoin Daily, a crypto analysis team, also shared a similar sentiment. According to the handle, XRP has lost its support, and a move below $0.50 could be possible in the short term.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">XRP just lost support. Every major moving average has flipped.<a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a> now hovering just over 50¢.<br><br>Are you following? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f448.png" alt="👈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/r0HEx7TkaL" target="_blank" rel="nofollow">pic.twitter.com/r0HEx7TkaL</a></p>— Altcoin Daily (@AltcoinDailyio) <a href="https://twitter.com/AltcoinDailyio/status/1752525060852826262?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 31, 2024</a>
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</figure> 
<h2 class="wp-block-heading" id="h-xrp-usd-4-hour-analysis">XRP/USD 4-Hour Analysis</h2> 
<p>After examining the 4-hour chart, <a href="https://coinedition.com/ripples-xrp-remains-unique-in-the-crypto-realm-says-expert/" target="_blank" rel="noreferrer noopener">XRP’s bullish prospects</a> were almost non-existent. This is because of the dominance of sellers in the market and the lack of demand.</p>    
<p>The Relative Strength Index (RSI) showed that XRP …</p>
<p>The post <a href="https://coinedition.com/will-xrps-price-drop-below-0-50-technical-analysis/">Will XRP’s Price Drop Below $0.50?: Technical Analysis</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Will XRP’s Price Drop Below $0.50?: Technical Analysis

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