Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>XRP coin delivered low volume buying momentum signifies bearishness.</a></li>
 <li><span>2</span> <a>Buyers are struggling to cross the 20-day EMA mark and look weak.</a></li>
</ul>
<p>The XRP coin price trades in a narrow range and is facing consolidation, signifying a setback ahead. If any selloff triggers below the 200-day EMA support mark, the XRP coin will retest the demand zone of $0.5000 soon. Moreover, a bearish double top pattern was visible on the charts, indicating that sellers might engage in pushing the coin.</p>
<p>At press time, the XRP coin (XRP) price was trading at $0.6230 with an intraday drop of 0.38%, reflecting neutrality on the charts. It has a monthly return ratio of 13.20% and 21.90% on a yearly basis. The pair of XRP/BTC is at 0.00000880 BTC, and the market cap is $34.17 Billion. Analysts are neutral and suggest that XRP price may face selloff and will retest the demand zone of $0.5000 soon.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-to-volume-profile-reveals-weakness-strong"><strong>XRP Price to Volume Profile Reveals Weakness</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=2023-09-28T18%3A29%3A59.402Z&amp;dt=2024-03-28T18%3A29%3A59.402Z&amp;sat=shchcfg_rEufmFwGI8Z4&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The above chart shows the combined metrics of the XRP coin price and volume which signifies that buyers are struggling and is at the crucial support zone of $0.6000. The price action highlights bearishness and is showing the bears solidity in the last sessions. This month, the coin remained in the range and did not reflect any bullish cues amidst the bull market. The trading volume noted a drop of over 6.28% to $2.30 Billion.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-and-sentiment-analysis-strong"><strong>Price Volatility and Sentiment Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (XRP), Weighted sentiment (Total) (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-09-28T18%3A29%3A59.402Z&amp;dt=2024-03-28T18%3A29%3A59.402Z&amp;sat=shchcfg_rEufmFwGI8Z4&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Following the price consolidation, the coin reflected less volatility and is signifying a lack of momentum in the buying cartel. The volatility curve was noted at 0.011, indicating that buyers are not showing their interest. Likewise, the weighted sentiment remained negative and the value stands below the midline at -0.081.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-development-activity-outlook-strong"><strong>Social Dominance and Development Activity Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (XRP), Twitter Followers 7d (XRP), Development Activity (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-09-28T18%3A29%3A59.402Z&amp;dt=2024-03-28T18%3A29%3A59.402Z&amp;sat=shchcfg_rEufmFwGI8Z4&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d%3Bdev_activity&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the <a href="https://www.thecoinrepublic.com/2023/03/09/xrp-coin-price-analysis-coin-price-ready-for-a-big-move/" target="_blank" rel="noopener noreferrer nofollow">XRP coin </a>witnesses average movements in the social dominance data, noting around 1.629% reflects a positive stance among the investors. This week, the development activity reflected a rebound and surged to 2.22, showing an optimistic outlook.</p>
<h4 class="wp-block-heading"><strong>What Does Open Interest and RSI Indicate?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (XRP), RSI 1d (XRP), Total Amount Of Holders (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-09-28T18%3A29%3A59.402Z&amp;dt=2024-03-28T18%3A29%3A59.402Z&amp;sat=shchcfg_rEufmFwGI8Z4&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest%3Brsi_1d%3Bholders_distribution_total&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D%3B" scrolling="no"></iframe>
<p>The derivative data indicates a long unwinding activity, the open interest dropped over 1.28% to $988.31 Million, indicating that buyers are not looking confident, which might result in a trendline breakdown ahead. However, the RSI curve stayed close to the midline and is depicting a negative divergence on the charts.</p>
<p>Per the Fib levels, the XRP coin price has sustained above the 38.2% zone and may retest the 23.6% zone soon. However, the price is trading below the mid bollinger band.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The XRP coin signifies consolidation and the trend shows that buyers are losing their momentum, which might result in a selloff in the future. Moreover, the price action shows that the coin is on the verge of the trendline support near $0.6000.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.6000 and $0.5700</p>
<p><strong>Resistance Levels:</strong> $0.6500 and $0.6800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

XRP Signal Bearishness: Can Bears Push XRP Toward $0.5000?

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Thecoinrepublic.com

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