Resistance

Billion

Time

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>XRP crypto has broken below 20, 50, and 100-Day daily moving averages.</a> </li> 
 <li> <span>2</span> <a>Bears are showing their strength and extending the gains.</a> </li> 
 <li> <span>3</span> <a>XRP crypto falls in the previous trading sessions.</a> </li> 
</ul> 
<p>The XRP crypto price is in the bearish region and has been displaying bearish momentum for the past sessions. Moreover, the cryptocurrency is struggling to sustain gains above the key moving averages and is heading in a downward direction. The crypto has declined over 13.50% this month, demonstrating the bearishness in recent sessions.</p> 
<p>As per the trading view data, XRP’s crypto price is trading at $0.5982 with an intraday gain of 1.58%, indicating a bullish trend. A 24-hour Trading volume is 2.49 Billion, and the market capitalization stands at $32.63 Billion.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-xrp-crypto-on-daily-time-frame-strong"><strong>Technical Analysis Of XRP Crypto On Daily Time Frame</strong></h2>    
<p><a href="https://in.tradingview.com/chart/XRPUSD/9wTpMp3N-XRP/">XRP</a> by <a href="https://in.tradingview.com/u/writer12_gsm/">writer12_gsm</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p>At the time of publishing, XRP crypto (USD: XRP) was trading above the 50 and 100-Day exponential moving averages (EMAs), which are not supporting the price trend.&nbsp;</p> 
<p>The current value of RSI is 46.94 points. The 14 SMA is above the median line at 56.82 points which indicates that the XRP crypto is bearish.</p> 
<p>The MACD line at 0.00988 and the signal line at 0.01943 are above the zero line. A bearish crossover was observed in the MACD indicator which signals more bullishness for the XRP crypto price.</p> 
<p>In the current situation, traders and investors should remain calm and wait for a clear break above or below the range before taking any action. The fear of missing out can lead to unnecessary losses.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-xrp-crypto-on-4-h-time-frame-strong"><strong>Technical Analysis Of XRP Crypto On 4-H Time Frame</strong></h2>    
<p><a href="https://in.tradingview.com/chart/XRPUSD/J5Y8abIO-XRP/">XRP</a> by <a href="https://in.tradingview.com/u/writer12_gsm/">writer12_gsm</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p><a href="https://www.thecoinrepublic.com/2022/04/30/ripples-xrp-is-categorized-as-just-a-impostor-cryptocurrency-by-coinmarketcap/" target="_blank" rel="noreferrer noopener">XRP cryptocurrency </a>has been showing strength in sellers recently, and on short-term charts, it seems to have unfavorable outcomes. Additionally, the price is trading below major EMAs, which indicates further weakness for the cryptocurrency.</p> 
<p>The RSI curve is hovering around 43, which is considered an overbought zone. The negative outlook of the curve indicates bearish sentiment in the cryptocurrency. The MACD indicator is also forming a red band and bears have appeared on the charts, indicating a corrective move.</p> 
<p>The price of XRP is currently facing major resistance from previous resistance points and multiple moving average levels. The buyers need to provide significant support for the price to make a comeback. However, candlestick patterns suggest that buyers are taking control of the price movement.</p> 
<h2 class="wp-block-heading" id="strong-xrp-crypto-price-vs-volume-analysis-strong"><strong>XRP Crypto Price vs Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (XRP), Volume (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-09-20T00%3A00%3A00.000Z&amp;dt=2024-03-20T18%3A29%3A59.191Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23586ec8&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Based on the Santiment graph of price and volume, the trading volume has dropped from $7.37 Billion to $2.46 Billion from the second week of March and the price has also declined from $0.726 to $0.595. Suppose the trading volume continues to decline, it may leave a negative impact on the price.</p> 
<p>Investors in XRP should be cautious of the hype surrounding the crypto market. The market often creates a sense of urgency to attract more investors and lenders, but this can contribute to market instability. To avoid losses, it is wise to stay away.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The daily time frame XRP crypto is showcasing the bearishness and several technical indicators lend support to this bearish outlook. The RSI curve has broken down from the overbought region, illustrating a bearish move. This indicates a negative outlook for the upcoming trading sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $0.59423</p> 
<p>Resistance Level: $0.70166</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions</p>

XRP Crypto Forecast: A Bullish and Bearish Outlook For 2024?

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